Leidos (NYSE:LDOS) Stock Price Expected to Rise, TD Cowen Analyst Says

Leidos (NYSE:LDOS) had its price target raised by stock analysts at TD Cowen from $175.00 to $200.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. TD Cowen’s target price indicates a potential upside of 9.19% from the company’s previous close.

Several other research firms have also weighed in on LDOS. JPMorgan Chase & Co. raised their price objective on Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada raised their price objective on Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Truist Financial raised their price objective on Leidos from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday. Bank of America raised their price objective on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group raised their price objective on Leidos from $205.00 to $228.00 and gave the stock a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.77.

Leidos Stock Performance

Shares of NYSE LDOS opened at $183.16 on Wednesday. The stock has a fifty day moving average price of $162.48 and a two-hundred day moving average price of $150.78. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.21. The firm has a market cap of $24.67 billion, a P/E ratio of 20.86, a PEG ratio of 1.50 and a beta of 0.70. Leidos has a 1 year low of $94.57 and a 1 year high of $188.36.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.97. The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.06 billion. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company posted $2.03 EPS. Research analysts forecast that Leidos will post 8.96 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Gary Stephen May sold 1,000 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the sale, the director now directly owns 11,264 shares in the company, valued at approximately $1,622,241.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.96% of the stock is owned by corporate insiders.

Institutional Trading of Leidos

Several hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC raised its holdings in Leidos by 156.5% during the second quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company’s stock valued at $165,356,000 after buying an additional 691,575 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in Leidos by 1,184.3% during the second quarter. Wedge Capital Management L L P NC now owns 501,868 shares of the aerospace company’s stock valued at $73,213,000 after buying an additional 462,792 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Leidos by 24,194.3% during the third quarter. International Assets Investment Management LLC now owns 377,047 shares of the aerospace company’s stock valued at $61,459,000 after buying an additional 375,495 shares in the last quarter. AQR Capital Management LLC raised its holdings in Leidos by 76.9% during the second quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock valued at $101,942,000 after buying an additional 303,775 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Leidos by 138.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 517,498 shares of the aerospace company’s stock valued at $67,840,000 after buying an additional 300,486 shares in the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Leidos Company Profile

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. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.