Citigroup Raises Leidos (NYSE:LDOS) Price Target to $194.00

Leidos (NYSE:LDOS) had its target price raised by Citigroup from $169.00 to $194.00 in a research note released on Thursday, Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

Several other analysts have also commented on the stock. Wells Fargo & Company increased their price target on shares of Leidos from $172.00 to $183.00 and gave the company an overweight rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. lifted their price target on shares of Leidos from $175.00 to $185.00 and gave the stock an overweight rating in a report on Wednesday, October 2nd. Barclays increased their price objective on Leidos from $160.00 to $165.00 and gave the company an overweight rating in a report on Monday, August 5th. Truist Financial boosted their target price on Leidos from $165.00 to $175.00 and gave the stock a buy rating in a research note on Thursday, September 5th. Finally, TD Cowen raised their price target on Leidos from $155.00 to $166.00 and gave the stock a buy rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $166.92.

Leidos Stock Performance

Shares of Leidos stock opened at $167.20 on Thursday. Leidos has a 12 month low of $90.30 and a 12 month high of $168.02. The stock’s fifty day moving average price is $155.38 and its 200-day moving average price is $146.69. The firm has a market cap of $22.61 billion, a P/E ratio of 72.07, a P/E/G ratio of 1.50 and a beta of 0.70. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.27 by $0.36. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The business had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the previous year, the business posted $1.80 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts expect that Leidos will post 8.95 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a yield of 0.91%. Leidos’s dividend payout ratio is currently 65.52%.

Insiders Place Their Bets

In related news, Director Gary Stephen May sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the transaction, the director now directly owns 11,264 shares in the company, valued at $1,622,241.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction that occurred 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 transaction, 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 can be accessed through this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,059 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $145.23, for a total value of $153,798.57. Following the completion of the transaction, the director now directly owns 7,455 shares of the company’s stock, valued at $1,082,689.65. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC raised its stake in shares of Leidos by 156.5% during the 2nd quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company’s stock worth $165,356,000 after buying an additional 691,575 shares during the period. Wedge Capital Management L L P NC lifted 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 purchasing an additional 462,792 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Leidos by 76.9% in the second quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock valued at $101,942,000 after purchasing an additional 303,775 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of 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 worth $67,840,000 after purchasing an additional 300,486 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Leidos during the 2nd quarter worth about $37,540,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

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.