Leonardo DRS (NASDAQ:DRS) Upgraded to Buy by The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Leonardo DRS (NASDAQ:DRS – Get Rating) from a neutral rating to a buy rating in a report released on Tuesday morning, The Fly reports.

Separately, Robert W. Baird assumed coverage on Leonardo DRS in a research note on Wednesday, December 14th. They set an outperform rating and a $19.00 target price on the stock.

Leonardo DRS Price Performance

Shares of DRS opened at $13.00 on Tuesday. The company has a market cap of $646.65 million, a P/E ratio of 6.77 and a beta of 0.79. Leonardo DRS has a 12-month low of $9.11 and a 12-month high of $13.44. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 1.57.

About Leonardo DRS

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Leonardo DRS, Inc, together with its subsidiaries, provides defense products and technologies in the land, air, sea, space, cyber and security, and commercial domains for military applications. It operates in two segments, Advanced Sensing and Computing, and Integrated Mission Systems. The company offers advanced sensor technologies, including infrared systems and sensors for threat detection and situational awareness; uncooled infrared systems and brownout solutions; airborne, ground vehicle mounted, and dismounted soldier electronic warfare (EW) systems; and EW software and training systems, and intelligence solutions.