Leidos’ (LDOS) “Buy” Rating Reaffirmed at Citigroup

Leidos (NYSE:LDOS)‘s stock had its “buy” rating reiterated by investment analysts at Citigroup in a report released on Monday, Marketbeat Ratings reports. They currently have a $190.00 target price on the aerospace company’s stock, up from their previous target price of $186.00. Citigroup’s target price would suggest a potential upside of 16.01% from the company’s previous close.

Several other equities analysts have also commented on the stock. Baird R W lowered shares of Leidos from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 27th. Wall Street Zen upgraded shares of Leidos from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 5th. UBS Group boosted their price objective on shares of Leidos from $149.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Royal Bank Of Canada boosted their price objective on shares of Leidos from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 7th. Finally, Truist Financial decreased their target price on shares of Leidos from $165.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $175.15.

Leidos Stock Performance

Shares of LDOS stock opened at $163.78 on Monday. Leidos has a one year low of $123.62 and a one year high of $202.90. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 1.54. The company has a 50 day moving average price of $154.01 and a 200 day moving average price of $145.12. The firm has a market capitalization of $21.08 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 1.96 and a beta of 0.64.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.47 by $0.50. Leidos had a net margin of 7.87% and a return on equity of 32.62%. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the prior year, the business posted $2.29 earnings per share. Leidos’s revenue for the quarter was up 6.8% compared to the same quarter last year. Sell-side analysts anticipate that Leidos will post 10.62 EPS for the current year.

Insider Transactions at Leidos

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the company’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $154.55, for a total value of $193,187.50. Following the sale, the director directly owned 20,195 shares of the company’s stock, valued at $3,121,137.25. This represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.96% of the stock is owned by corporate insiders.

Institutional Trading of Leidos

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bfsg LLC raised its holdings in shares of Leidos by 28.7% during the second quarter. Bfsg LLC now owns 605 shares of the aerospace company’s stock worth $95,000 after purchasing an additional 135 shares during the period. Oliver Luxxe Assets LLC increased its holdings in shares of Leidos by 56.3% in the 2nd quarter. Oliver Luxxe Assets LLC now owns 14,449 shares of the aerospace company’s stock worth $2,279,000 after acquiring an additional 5,207 shares during the period. GAMMA Investing LLC increased its holdings in shares of Leidos by 30.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,251 shares of the aerospace company’s stock worth $355,000 after acquiring an additional 522 shares during the period. Lewis Asset Management LLC acquired a new stake in shares of Leidos in the 2nd quarter worth about $250,000. Finally, Park Avenue Securities LLC increased its holdings in shares of Leidos by 77.0% in the 2nd quarter. Park Avenue Securities LLC now owns 15,172 shares of the aerospace company’s stock worth $2,394,000 after acquiring an additional 6,600 shares during the period. 76.12% of the stock is owned by institutional investors and hedge funds.

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.