Robert W. Baird Boosts Leonardo DRS (NASDAQ:DRS) Price Target to $40.00

Leonardo DRS (NASDAQ:DRS) had its price target lifted by Robert W. Baird from $30.00 to $40.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have an outperform rating on the stock.

Several other brokerages have also issued reports on DRS. Bank of America lowered shares of Leonardo DRS from a “buy” rating to a “neutral” rating and boosted their price target for the company from $26.00 to $30.00 in a report on Tuesday, September 24th. Truist Financial raised their price target on Leonardo DRS from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, BTIG Research boosted their price objective on Leonardo DRS from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Leonardo DRS currently has an average rating of “Moderate Buy” and a consensus price target of $30.83.

Leonardo DRS Stock Up 2.2 %

NASDAQ:DRS opened at $30.72 on Thursday. The stock’s fifty day simple moving average is $28.48 and its 200-day simple moving average is $26.26. The firm has a market capitalization of $8.12 billion, a P/E ratio of 41.51, a P/E/G ratio of 1.89 and a beta of 0.95. The company has a quick ratio of 1.60, a current ratio of 2.11 and a debt-to-equity ratio of 0.14. Leonardo DRS has a 12-month low of $17.97 and a 12-month high of $33.29.

Leonardo DRS (NASDAQ:DRS) last posted its earnings results on Wednesday, October 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.04. The company had revenue of $812.00 million during the quarter, compared to analyst estimates of $775.44 million. Leonardo DRS had a return on equity of 9.71% and a net margin of 6.23%. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.20 EPS. Equities research analysts expect that Leonardo DRS will post 0.89 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DRS. Nisa Investment Advisors LLC grew its stake in Leonardo DRS by 1,325.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,155 shares of the company’s stock valued at $29,000 after purchasing an additional 1,074 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in shares of Leonardo DRS in the fourth quarter valued at $35,000. EntryPoint Capital LLC increased its holdings in Leonardo DRS by 165.8% during the first quarter. EntryPoint Capital LLC now owns 1,656 shares of the company’s stock worth $37,000 after buying an additional 1,033 shares during the last quarter. Covestor Ltd raised its position in Leonardo DRS by 226.8% during the third quarter. Covestor Ltd now owns 1,814 shares of the company’s stock worth $51,000 after acquiring an additional 1,259 shares in the last quarter. Finally, Comerica Bank lifted its stake in Leonardo DRS by 23.7% in the first quarter. Comerica Bank now owns 2,750 shares of the company’s stock valued at $61,000 after acquiring an additional 527 shares during the last quarter. Institutional investors and hedge funds own 18.76% of the company’s stock.

Leonardo DRS Company Profile

Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.