Leidos Holdings, Inc. (NYSE:LDOS) Receives Consensus Recommendation of “Buy” from Analysts

Leidos Holdings, Inc. (NYSE:LDOSGet Rating) has been given an average recommendation of “Buy” by the twelve ratings firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $113.86.

LDOS has been the topic of several recent analyst reports. Robert W. Baird cut their price objective on shares of Leidos from $110.00 to $100.00 in a report on Wednesday, February 16th. StockNews.com upgraded shares of Leidos from a “hold” rating to a “buy” rating in a report on Friday, April 15th. Morgan Stanley cut their price target on shares of Leidos from $109.00 to $107.00 and set an “equal weight” rating on the stock in a report on Friday, March 18th. Zacks Investment Research upgraded shares of Leidos from a “sell” rating to a “hold” rating and set a $116.00 price objective for the company in a research note on Tuesday, April 19th. Finally, William Blair reiterated an “outperform” rating on shares of Leidos in a research note on Tuesday, March 1st.

LDOS opened at $108.25 on Monday. Leidos has a 52-week low of $81.07 and a 52-week high of $111.12. The company has a quick ratio of 1.04, a current ratio of 1.12 and a debt-to-equity ratio of 1.06. The company has a market cap of $14.76 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 2.70 and a beta of 0.75. The firm’s 50-day moving average price is $103.88 and its 200-day moving average price is $96.41.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 15th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, March 14th. This represents a $1.44 annualized dividend and a yield of 1.33%. Leidos’s dividend payout ratio is presently 27.38%.

In other news, Director Miriam E. John sold 5,000 shares of the firm’s stock in a transaction dated Thursday, March 3rd. The shares were sold at an average price of $104.07, for a total value of $520,350.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Gary Stephen May sold 2,340 shares of the firm’s stock in a transaction dated Thursday, February 17th. The stock was 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 ninety days, insiders have sold 58,106 shares of company stock worth $6,126,382. Insiders own 1.67% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in LDOS. BlackRock Inc. increased its position in shares of Leidos by 5.7% during the fourth quarter. BlackRock Inc. now owns 13,783,464 shares of the aerospace company’s stock valued at $1,225,350,000 after acquiring an additional 741,276 shares during the last quarter. State Street Corp grew its holdings in shares of Leidos by 3.9% in the fourth quarter. State Street Corp now owns 5,685,081 shares of the aerospace company’s stock valued at $505,404,000 after purchasing an additional 211,254 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Leidos by 7.1% in the fourth quarter. Victory Capital Management Inc. now owns 3,678,377 shares of the aerospace company’s stock valued at $327,007,000 after purchasing an additional 244,389 shares in the last quarter. Cooke & Bieler LP grew its holdings in shares of Leidos by 4.2% in the fourth quarter. Cooke & Bieler LP now owns 2,637,438 shares of the aerospace company’s stock valued at $234,468,000 after purchasing an additional 106,910 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Leidos by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 2,635,801 shares of the aerospace company’s stock valued at $233,733,000 after purchasing an additional 189,396 shares in the last quarter. Hedge funds and other institutional investors own 75.47% of the company’s stock.

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.

Further Reading

Analyst Recommendations for Leidos (NYSE:LDOS)

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