Leidos (NYSE:LDOS) PT Raised to $132.00 at The Goldman Sachs Group

Leidos (NYSE:LDOSGet Rating) had its target price lifted by equities research analysts at The Goldman Sachs Group from $118.00 to $132.00 in a report released on Thursday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the aerospace company’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 21.03% from the company’s previous close.

A number of other research firms also recently commented on LDOS. William Blair reaffirmed an “outperform” rating on shares of Leidos in a research note on Tuesday, March 1st. Stifel Nicolaus initiated coverage on Leidos in a research note on Thursday, March 17th. They set a “buy” rating for the company. Wells Fargo & Company downgraded Leidos from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $97.00 to $113.00 in a research note on Thursday, March 24th. Morgan Stanley lowered their target price on Leidos from $109.00 to $107.00 and set an “equal weight” rating for the company in a research note on Friday, March 18th. Finally, Robert W. Baird lowered their target price on Leidos from $110.00 to $100.00 in a research note on Wednesday, February 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $112.88.

LDOS stock opened at $109.06 on Thursday. The company has a market cap of $14.87 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 2.68 and a beta of 0.75. The business has a 50-day simple moving average of $101.73 and a 200 day simple moving average of $96.00. Leidos has a 52 week low of $81.07 and a 52 week high of $110.65. The company has a quick ratio of 1.04, a current ratio of 1.12 and a debt-to-equity ratio of 1.06.

Leidos (NYSE:LDOSGet Rating) last posted its quarterly earnings results on Tuesday, February 15th. The aerospace company reported $1.56 EPS for the quarter, missing the Zacks’ consensus estimate of $1.60 by ($0.04). The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.51 billion. Leidos had a net margin of 5.48% and a return on equity of 22.74%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $1.63 EPS. On average, analysts anticipate that Leidos will post 6.41 EPS for the current fiscal year.

In other news, CEO Roger A. Krone sold 25,431 shares of the business’s stock in a transaction dated Wednesday, March 23rd. The stock was sold at an average price of $106.16, for a total transaction of $2,699,754.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gary Stephen May sold 2,340 shares of the stock in a transaction that occurred on Thursday, February 17th. The shares were sold at an average price of $91.53, for a total transaction of $214,180.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,106 shares of company stock worth $6,126,382. Company insiders own 1.67% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV grew its position in shares of Leidos by 8.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 15,235 shares of the aerospace company’s stock worth $1,465,000 after buying an additional 1,239 shares during the period. Mutual of America Capital Management LLC grew its position in shares of Leidos by 7.0% during the 3rd quarter. Mutual of America Capital Management LLC now owns 18,679 shares of the aerospace company’s stock worth $1,796,000 after buying an additional 1,220 shares during the period. Illinois Municipal Retirement Fund grew its position in shares of Leidos by 18.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 14,113 shares of the aerospace company’s stock worth $1,255,000 after buying an additional 2,198 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in shares of Leidos by 33.3% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 800 shares of the aerospace company’s stock worth $77,000 after buying an additional 200 shares during the period. Finally, MML Investors Services LLC grew its position in shares of Leidos by 10.4% during the 3rd quarter. MML Investors Services LLC now owns 3,106 shares of the aerospace company’s stock worth $299,000 after buying an additional 293 shares during the period. 75.47% of the stock is owned by institutional investors and hedge funds.

About Leidos (Get Rating)

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

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