Leidos (NYSE:LDOS) Price Target Raised to $180.00

Leidos (NYSE:LDOS) had its target price raised by analysts at Royal Bank of Canada from $145.00 to $180.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “sector perform” rating on the aerospace company’s stock. Royal Bank of Canada’s target price points to a potential downside of 3.54% from the company’s previous close.

A number of other research analysts also recently weighed in on LDOS. Citigroup increased their price target on Leidos from $169.00 to $194.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Robert W. Baird increased their price target on shares of Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research report on Wednesday. Truist Financial boosted their price objective on shares of Leidos from $175.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday. TD Cowen increased their target price on shares of Leidos from $155.00 to $166.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, The Goldman Sachs Group boosted their price target on shares of Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $179.54.

Leidos Trading Up 0.4 %

Shares of NYSE LDOS traded up $0.74 during midday trading on Wednesday, hitting $186.60. The stock had a trading volume of 410,691 shares, compared to its average volume of 848,668. The company’s 50-day simple moving average is $161.19 and its 200 day simple moving average is $150.31. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.11. The firm has a market cap of $25.14 billion, a P/E ratio of 58.55, a price-to-earnings-growth ratio of 1.50 and a beta of 0.70. Leidos has a fifty-two week low of $94.57 and a fifty-two week high of $188.12.

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

Insider Activity at Leidos

In other news, CEO Thomas Arthur Bell purchased 1,712 shares of Leidos stock in a transaction on Thursday, August 1st. The stock was purchased at an average price of $145.04 per share, with a total value of $248,308.48. Following the transaction, the chief executive officer now directly owns 22,398 shares in the company, valued at $3,248,605.92. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Gary Stephen May sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the sale, the director now owns 11,264 shares in the company, valued at approximately $1,622,241.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Thomas Arthur Bell purchased 1,712 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was bought at an average price of $145.04 per share, with a total value of $248,308.48. Following the completion of the purchase, the chief executive officer now owns 22,398 shares of the company’s stock, valued at approximately $3,248,605.92. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.96% of the stock is owned by insiders.

Institutional Investors Weigh In On Leidos

Several large investors have recently made changes to their positions in LDOS. Ballentine Partners LLC lifted its stake in Leidos by 3.5% in the third quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock valued at $297,000 after acquiring an additional 62 shares during the last quarter. Key Financial Inc lifted its stake in Leidos by 6.5% in the 2nd quarter. Key Financial Inc now owns 1,141 shares of the aerospace company’s stock valued at $166,000 after purchasing an additional 70 shares during the last quarter. Asahi Life Asset Management CO. LTD. increased its position in Leidos by 3.2% during the third quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company’s stock worth $372,000 after buying an additional 70 shares during the last quarter. Bleakley Financial Group LLC raised its stake in Leidos by 2.9% in the first quarter. Bleakley Financial Group LLC now owns 2,671 shares of the aerospace company’s stock valued at $350,000 after buying an additional 76 shares during the period. Finally, Somerset Trust Co lifted its position in shares of Leidos by 3.5% in the third quarter. Somerset Trust Co now owns 2,429 shares of the aerospace company’s stock valued at $396,000 after buying an additional 83 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

About Leidos

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.