Leidos Holdings Inc. (NYSE:LDOS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm presently has a $49.00 price target on the stock. Zacks Investment Research’s target price indicates a potential downside of 1.96% from the company’s current price.
According to Zacks, “Leidos Holdings Inc. provides science and technology solutions. The company operates in four segments: Defense Solutions; Health, Energy and Civil Solutions; Intelligence and Cybersecurity Solutions, and Corporate and other. It serves in the areas of national security, engineering and health. Leidos Holdings Inc., formerly known as SAIC, Inc., is headquartered in McLean, Virginia. “
Several other equities analysts have also issued reports on LDOS. Wells Fargo & Co. reiterated a “hold” rating on shares of Leidos Holdings in a research note on Monday, July 11th. Jefferies Group reiterated a “hold” rating on shares of Leidos Holdings in a research note on Monday, August 1st. Credit Suisse Group AG lifted their price target on Leidos Holdings from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, August 2nd. Citigroup Inc. initiated coverage on Leidos Holdings in a research note on Tuesday, September 6th. They issued a “buy” rating and a $47.00 price target on the stock. Finally, Argus initiated coverage on Leidos Holdings in a research note on Wednesday, September 7th. They issued a “buy” rating and a $54.00 price target on the stock. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $49.50.
Leidos Holdings (NYSE:LDOS) traded up 0.56% during trading on Tuesday, reaching $49.98. The company’s stock had a trading volume of 346,596 shares. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 12.99 and a beta of 1.55. Leidos Holdings has a 52-week low of $37.79 and a 52-week high of $59.52. The firm has a 50 day moving average price of $44.09 and a 200-day moving average price of $45.81.
Leidos Holdings (NYSE:LDOS) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $1.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.29. The firm earned $1.87 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Leidos Holdings had a return on equity of 18.93% and a net margin of 5.36%. The company’s quarterly revenue was up 43.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.73 EPS. 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 3,575 shares of Leidos Holdings stock in a transaction on Tuesday, September 13th. The shares were purchased at an average price of $41.48 per share, for a total transaction of $148,291.00. Following the transaction, the director now owns 6,143 shares of the company’s stock, valued at approximately $254,811.64. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Surya N. Mohapatra purchased 3,276 shares of Leidos Holdings stock in a transaction on Friday, November 11th. The stock was bought at an average price of $46.27 per share, for a total transaction of $151,580.52. Following the transaction, the director now directly owns 9,419 shares in the company, valued at approximately $435,817.13. The disclosure for this purchase can be found here. Corporate insiders own 1.70% of the company’s stock.
Several large investors have recently added to or reduced their stakes in LDOS. Bronfman E.L. Rothschild L.P. raised its stake in 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. bought a new stake in Leidos Holdings during the second quarter worth approximately $105,000. Advisor Group Inc. bought a new stake in Leidos Holdings during the second quarter worth approximately $125,000. Catalyst Capital Advisors LLC bought a new stake in Leidos Holdings during the second quarter worth approximately $134,000. Finally, Fuller & Thaler Asset Management Inc. raised its stake in 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. Hedge funds and other institutional investors own 60.85% of the company’s stock.
Leidos Holdings Company Profile
Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.