Leonardo DRS, Inc. (NASDAQ:DRS) Receives $32.17 Consensus Target Price from Analysts

Leonardo DRS, Inc. (NASDAQ:DRS) has received an average recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $32.17.

A number of research analysts have recently weighed in on the company. Robert W. Baird increased their price target on Leonardo DRS from $30.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. increased their target price on Leonardo DRS from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Bank of America cut Leonardo DRS from a “buy” rating to a “neutral” rating and upped their price target for the company from $26.00 to $30.00 in a research note on Tuesday, September 24th.

Leonardo DRS Price Performance

Shares of DRS stock opened at $32.31 on Friday. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.14. Leonardo DRS has a 12 month low of $18.60 and a 12 month high of $37.99. The firm has a market cap of $8.54 billion, a price-to-earnings ratio of 43.66, a PEG ratio of 1.76 and a beta of 0.97. The stock has a 50-day moving average price of $33.64 and a 200 day moving average price of $29.70.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. Leonardo DRS had a net margin of 6.23% and a return on equity of 9.71%. The business had revenue of $812.00 million during the quarter, compared to the consensus estimate of $775.44 million. During the same period in the previous year, the firm posted $0.20 earnings per share. Leonardo DRS’s revenue for the quarter was up 15.5% compared to the same quarter last year. Research analysts expect that Leonardo DRS will post 0.92 EPS for the current year.

Insider Buying and Selling at Leonardo DRS

In other Leonardo DRS news, COO John Baylouny sold 8,235 shares of Leonardo DRS stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $34.50, for a total value of $284,107.50. Following the sale, the chief operating officer now owns 81,863 shares of the company’s stock, valued at $2,824,273.50. This trade represents a 9.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Pamela Morrow sold 11,100 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $34.81, for a total value of $386,391.00. Following the completion of the sale, the senior vice president now owns 12,565 shares in the company, valued at approximately $437,387.65. This trade represents a 46.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 94,554 shares of company stock valued at $3,236,679. Company insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Leonardo DRS

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Covestor Ltd lifted its position in Leonardo DRS by 226.8% during the 3rd quarter. Covestor Ltd now owns 1,814 shares of the company’s stock worth $51,000 after buying an additional 1,259 shares in the last quarter. KBC Group NV raised its holdings in Leonardo DRS by 42.5% during the third quarter. KBC Group NV now owns 2,585 shares of the company’s stock worth $73,000 after acquiring an additional 771 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Leonardo DRS during the third quarter valued at approximately $109,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Leonardo DRS in the third quarter valued at approximately $113,000. Finally, New York State Teachers Retirement System grew its stake in Leonardo DRS by 6.9% in the third quarter. New York State Teachers Retirement System now owns 6,722 shares of the company’s stock valued at $190,000 after purchasing an additional 432 shares in 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.