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

Leidos Holdings, Inc. (NYSE:LDOSGet Rating) has received a consensus rating of “Buy” from the thirteen analysts that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $114.63.

A number of equities analysts have recently commented on LDOS shares. Zacks Investment Research upgraded Leidos from a “sell” rating to a “hold” rating and set a $116.00 price objective on the stock in a research note on Tuesday, April 19th. Morgan Stanley dropped their price objective on Leidos from $109.00 to $107.00 and set an “equal weight” rating on the stock in a research note on Friday, March 18th. Barclays dropped their price objective on Leidos from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, January 24th. Wells Fargo & Company downgraded Leidos from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $97.00 to $113.00 in a research report on Thursday, March 24th. Finally, William Blair reissued an “outperform” rating on shares of Leidos in a research report on Tuesday, March 1st.

In other news, Director Miriam E. John sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of $104.07, for a total value of $520,350.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Roger A. Krone sold 25,431 shares of the business’s stock in a transaction that occurred on Wednesday, March 23rd. The stock was sold at an average price of $106.16, for a total value of $2,699,754.96. The disclosure for this sale can be found here. Insiders have sold 63,065 shares of company stock worth $6,659,255 over the last ninety days. Company insiders own 1.67% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Toroso Investments LLC acquired a new position in Leidos in the 1st quarter worth $203,000. BNP Paribas Arbitrage SA increased its holdings in shares of Leidos by 104.8% during the first quarter. BNP Paribas Arbitrage SA now owns 109,495 shares of the aerospace company’s stock worth $11,828,000 after purchasing an additional 56,022 shares during the period. Sawgrass Asset Management LLC acquired a new stake in shares of Leidos during the 1st quarter worth approximately $15,490,000. Worldquant Millennium Advisors LLC acquired a new stake in Leidos in the first quarter valued at approximately $7,218,000. Finally, Wealthfront Advisers LLC boosted its position in Leidos by 26.2% in the first quarter. Wealthfront Advisers LLC now owns 4,572 shares of the aerospace company’s stock valued at $493,000 after buying an additional 950 shares in the last quarter. Institutional investors own 78.97% of the company’s stock.

NYSE LDOS traded down $1.88 during trading on Friday, hitting $99.64. 8,834 shares of the company traded hands, compared to its average volume of 878,077. Leidos has a 12 month low of $81.07 and a 12 month high of $111.12. The business has a fifty day simple moving average of $105.80 and a 200 day simple moving average of $96.91. The company has a current ratio of 1.00, a quick ratio of 0.92 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $13.62 billion, a P/E ratio of 19.56, a PEG ratio of 2.48 and a beta of 0.73.

Leidos (NYSE:LDOSGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The aerospace company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.08. The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.38 billion. Leidos had a return on equity of 22.03% and a net margin of 5.20%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.73 earnings per share. Equities research analysts predict that Leidos will post 6.46 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Tuesday, June 14th. Leidos’s payout ratio is 28.29%.

Leidos Company Profile (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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Analyst Recommendations for Leidos (NYSE:LDOS)

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