Leidos (NYSE:LDOS) Cut to “Sell” at ValuEngine

ValuEngine lowered shares of Leidos (NYSE:LDOS) from a hold rating to a sell rating in a research note published on Tuesday, ValuEngine reports.

A number of other research firms also recently commented on LDOS. Citigroup downgraded Leidos from a buy rating to a neutral rating and lifted their target price for the company from $75.00 to $83.00 in a research report on Tuesday, July 9th. Zacks Investment Research upgraded Leidos from a hold rating to a buy rating and set a $91.00 target price on the stock in a research report on Tuesday, September 17th. JPMorgan Chase & Co. assumed coverage on Leidos in a research report on Tuesday, September 24th. They issued a neutral rating and a $95.00 target price on the stock. Morgan Stanley lifted their target price on Leidos from $81.00 to $83.00 and gave the company an equal weight rating in a research report on Thursday, October 10th. Finally, Cowen restated a buy rating and issued a $89.00 target price on shares of Leidos in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $86.50.

NYSE LDOS traded up $1.20 on Tuesday, reaching $87.20. 947,754 shares of the company were exchanged, compared to its average volume of 1,252,618. The business’s fifty day moving average price is $83.72 and its 200 day moving average price is $80.76. The stock has a market capitalization of $11.78 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 2.22 and a beta of 1.51. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.00. Leidos has a fifty-two week low of $50.33 and a fifty-two week high of $89.00.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $1.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.17. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.73 billion. Leidos had a return on equity of 21.12% and a net margin of 6.25%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 earnings per share. Equities research analysts forecast that Leidos will post 5 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 16th will be given a $0.34 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.36 dividend on an annualized basis and a yield of 1.56%. Leidos’s dividend payout ratio is currently 31.05%.

In related news, Director Gary Stephen May sold 500 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $84.57, for a total value of $42,285.00. Following the sale, the director now owns 9,166 shares in the company, valued at approximately $775,168.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.17% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. CWM LLC raised its holdings in shares of Leidos by 66.0% in the 2nd quarter. CWM LLC now owns 332 shares of the aerospace company’s stock valued at $27,000 after buying an additional 132 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in Leidos during the 2nd quarter worth about $27,000. Bartlett & Co. LLC purchased a new stake in Leidos during the 3rd quarter worth about $40,000. TRUE Private Wealth Advisors purchased a new stake in Leidos during the 2nd quarter worth about $68,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in Leidos during the 2nd quarter worth about $88,000. Hedge funds and other institutional investors own 74.82% of the company’s stock.

About Leidos

Leidos Holdings, Inc 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Leidos (NYSE:LDOS)

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