Leidos Holdings, Inc. (LDOS) Lifted to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Leidos Holdings, Inc. (NYSE:LDOS) from a hold rating to a buy rating in a report released on Friday. Zacks Investment Research currently has $70.00 target price on the aerospace company’s stock.
According to Zacks, “Leidos Holdings, Inc. (Leidos) is a holding company whose direct 100%-owned subsidiaries and principal operating companies are Leidos, Inc. and Leidos Innovations Corporation. Leidos is a global science and technology company that provides technology and engineering services and solutions in the defense, intelligence, civil and health markets. Their domestic customers include agencies of the U.S. Department of Defense, the U.S. Intelligence Community, the U.S. Department of Homeland Security, the Federal Aviation Administration, the Department of Health and Human Services, other U.S. Government civil agencies and state and local government agencies. Their international customers include foreign governments and their agencies, primarily located in the United Kingdom, the Middle East and Australia. “
Several other brokerages have also recently commented on LDOS. Citigroup Inc. raised their price target on shares of Leidos Holdings from $65.00 to $71.00 and gave the company a buy rating in a research report on Friday. Cowen and Company reissued a buy rating and issued a $68.00 price target on shares of Leidos Holdings in a research report on Thursday. TheStreet raised shares of Leidos Holdings from a c+ rating to a b+ rating in a research report on Monday, October 2nd. BidaskClub cut shares of Leidos Holdings from a buy rating to a hold rating in a research report on Wednesday, October 18th. Finally, Wells Fargo & Company raised shares of Leidos Holdings from a market perform rating to an outperform rating and set a $69.00 price target for the company in a research report on Wednesday, October 25th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $66.18.
Leidos Holdings (LDOS) opened at $63.66 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $9,630.64, a price-to-earnings ratio of 17.59, a P/E/G ratio of 1.73 and a beta of 1.69.
Leidos Holdings (NYSE:LDOS) last posted its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.14. Leidos Holdings had a net margin of 3.04% and a return on equity of 17.20%. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the company posted $1.25 EPS. The firm’s quarterly revenue was up 34.0% on a year-over-year basis. analysts predict that Leidos Holdings will post 3.67 earnings per share for the current year.
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In related news, Director Gary Stephen May sold 800 shares of Leidos Holdings stock in a transaction on Monday, August 28th. The shares were sold at an average price of $55.75, for a total transaction of $44,600.00. Following the sale, the director now directly owns 6,680 shares in the company, valued at approximately $372,410. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jerald S. Howe, Jr. purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were bought at an average price of $55.32 per share, for a total transaction of $110,640.00. Following the completion of the purchase, the vice president now directly owns 2,000 shares in the company, valued at $110,640. The disclosure for this purchase can be found here. 1.70% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in LDOS. Highbridge Capital Management LLC acquired a new stake in Leidos Holdings during the 1st quarter worth $340,000. Janus Capital Management LLC increased its stake in Leidos Holdings by 53.0% in the first quarter. Janus Capital Management LLC now owns 287,400 shares of the aerospace company’s stock valued at $14,698,000 after purchasing an additional 99,600 shares during the period. Public Employees Retirement System of Ohio increased its stake in Leidos Holdings by 60.0% in the first quarter. Public Employees Retirement System of Ohio now owns 53,582 shares of the aerospace company’s stock valued at $2,740,000 after purchasing an additional 20,090 shares during the period. Xact Kapitalforvaltning AB acquired a new position in Leidos Holdings in the second quarter valued at $599,000. Finally, First American Bank increased its stake in Leidos Holdings by 1.9% in the second quarter. First American Bank now owns 17,160 shares of the aerospace company’s stock valued at $887,000 after purchasing an additional 323 shares during the period. Hedge funds and other institutional investors own 74.67% of the company’s stock.
Leidos Holdings Company Profile
Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.
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