Leidos (NYSE:LDOS) Price Target Raised to $200.00

Leidos (NYSE:LDOS) had its price objective boosted by investment analysts at TD Cowen from $175.00 to $200.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. TD Cowen’s target price indicates a potential upside of 7.31% from the stock’s current price.

Several other research analysts have also commented on the company. Royal Bank of Canada lifted their price target on Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Barclays lifted their price target on Leidos from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. The Goldman Sachs Group lifted their price target on Leidos from $205.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday. Robert W. Baird raised their price objective on shares of Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Wells Fargo & Company lifted their price target on shares of Leidos from $183.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.77.

Leidos Stock Up 0.3 %

LDOS stock traded up $0.51 during trading on Wednesday, hitting $186.37. 774,288 shares of the stock traded hands, compared to its average volume of 850,399. The firm’s 50 day moving average is $161.19 and its two-hundred day 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. Leidos has a 1 year low of $94.57 and a 1 year high of $188.12. The stock has a market cap of $25.11 billion, a price-to-earnings ratio of 58.42, a price-to-earnings-growth ratio of 1.50 and a beta of 0.70.

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

Insider Activity

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

Institutional Investors Weigh In On Leidos

Institutional investors have recently bought and sold shares of the business. Northwest Investment Counselors LLC purchased a new stake in Leidos during the third quarter worth approximately $30,000. 1832 Asset Management L.P. purchased a new position in shares of Leidos in the second quarter valued at $34,000. Blue Trust Inc. boosted its stake in shares of Leidos by 251.3% in the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock valued at $41,000 after purchasing an additional 201 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in shares of Leidos by 122.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock valued at $45,000 after purchasing an additional 169 shares during the period. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in Leidos in the third quarter valued at $46,000. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

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.