Truist Financial Lowers Leidos (NYSE:LDOS) Price Target to $165.00

Leidos (NYSE:LDOS) had its price target decreased by equities research analysts at Truist Financial from $185.00 to $165.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. Truist Financial’s price target points to a potential upside of 19.86% from the company’s previous close.

A number of other equities analysts have also issued reports on the company. Cantor Fitzgerald initiated coverage on Leidos in a report on Friday, February 7th. They issued an “overweight” rating and a $185.00 price objective for the company. Robert W. Baird increased their price objective on Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. UBS Group started coverage on Leidos in a research note on Monday, December 2nd. They set a “neutral” rating and a $182.00 price target for the company. Royal Bank of Canada increased their price target on Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Finally, Citigroup increased their price target on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $176.27.

Leidos Stock Up 0.0 %

NYSE LDOS traded up $0.06 on Wednesday, hitting $137.66. 645,627 shares of the stock traded hands, compared to its average volume of 1,365,920. The stock has a 50-day moving average of $148.78 and a 200 day moving average of $157.63. Leidos has a twelve month low of $118.40 and a twelve month high of $202.90. The company has a market capitalization of $18.37 billion, a P/E ratio of 15.66, a price-to-earnings-growth ratio of 0.92 and a beta of 0.66. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.13. Leidos had a return on equity of 30.31% and a net margin of 7.37%. As a group, analysts expect that Leidos will post 10.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Noel B. Geer bought 2,000 shares of Leidos stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the purchase, the director now owns 2,000 shares in the company, valued at approximately $322,260. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Leidos

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Leidos by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 15,450,395 shares of the aerospace company’s stock worth $2,225,784,000 after purchasing an additional 84,003 shares during the period. State Street Corp lifted its stake in Leidos by 1.0% during the third quarter. State Street Corp now owns 5,800,357 shares of the aerospace company’s stock worth $945,458,000 after purchasing an additional 56,066 shares during the period. JPMorgan Chase & Co. lifted its stake in Leidos by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock worth $571,216,000 after purchasing an additional 405,256 shares during the period. Geode Capital Management LLC lifted its stake in Leidos by 1.3% during the third quarter. Geode Capital Management LLC now owns 3,365,903 shares of the aerospace company’s stock worth $546,912,000 after purchasing an additional 42,358 shares during the period. Finally, FMR LLC lifted its stake in Leidos by 27.8% during the third quarter. FMR LLC now owns 2,405,726 shares of the aerospace company’s stock worth $392,133,000 after purchasing an additional 522,764 shares during the period. 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.