Todays Report: Today, Leidos Holdings Inc. (LDOS) Rating Increased to Outperform at Credit Suisse Group AG

Today, Leidos Holdings Inc. (LDOS) Rating Increased to Outperform at Credit Suisse Group AG

Credit Suisse Group AG upgraded shares of Leidos Holdings Inc. (NYSE:LDOS) from a neutral rating to an outperform rating in a research note published on Monday. They currently have $57.00 price target on the stock.

Several other equities research analysts also recently issued reports on the stock. Jefferies Group reiterated a hold rating on shares of Leidos Holdings in a research note on Monday, August 1st. Citigroup Inc. started coverage on shares of Leidos Holdings in a research note on Tuesday, September 6th. They issued a buy rating and a $47.00 target price for the company. Zacks Investment Research downgraded shares of Leidos Holdings from a buy rating to a hold rating in a research note on Wednesday, August 24th. Finally, Argus started coverage on shares of Leidos Holdings in a research note on Wednesday, September 7th. They issued a buy rating and a $54.00 target price for the company. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $49.50.

Leidos Holdings (NYSE:LDOS) opened at 49.70 on Monday. The firm has a market capitalization of $7.47 billion, a price-to-earnings ratio of 12.92 and a beta of 1.55. Leidos Holdings has a 1-year low of $37.79 and a 1-year high of $59.52. The firm has a 50-day moving average of $43.84 and a 200-day moving average of $45.81.

Leidos Holdings (NYSE:LDOS) last released its quarterly earnings data on Thursday, November 3rd. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.29. Leidos Holdings had a net margin of 5.36% and a return on equity of 18.93%. The company earned $1.87 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the previous year, the firm earned $0.73 earnings per share. Leidos Holdings’s revenue for the quarter was up 43.5% on a year-over-year basis. On average, analysts expect that Leidos Holdings will post $3.56 earnings per share for the current year.

In related news, Director Surya N. Mohapatra purchased 3,276 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The shares were purchased at an average cost of $46.27 per share, with a total value of $151,580.52. Following the completion of the acquisition, the director now directly owns 9,419 shares of the company’s stock, valued at approximately $435,817.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Surya N. Mohapatra purchased 3,575 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The stock was bought at an average cost of $41.48 per share, for a total transaction of $148,291.00. Following the completion of the acquisition, the director now directly owns 6,143 shares of the company’s stock, valued at $254,811.64. The disclosure for this purchase can be found here. 1.70% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Leidos Holdings by 58,000.0% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 2,324 shares of the company’s stock worth $101,000 after buying an additional 2,320 shares during the period. PineBridge Investments L.P. acquired a new stake in shares of Leidos Holdings during the second quarter worth $105,000. Advisor Group Inc. acquired a new stake in shares of Leidos Holdings during the second quarter worth $125,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Leidos Holdings during the second quarter worth $134,000. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of Leidos Holdings by 54.3% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 3,125 shares of the company’s stock worth $150,000 after buying an additional 1,100 shares during the period. 60.85% of the stock is currently owned by hedge funds and other institutional investors.

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