Brokerages Set Leidos Holdings, Inc. (NYSE:LDOS) Target Price at $179.07

Leidos Holdings, Inc. (NYSE:LDOS) has earned a consensus rating of “Moderate Buy” from the fourteen analysts that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $179.07.

Several brokerages have recently issued reports on LDOS. Barclays upped their price target on shares of Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. UBS Group assumed coverage on Leidos in a research report on Monday, December 2nd. They issued a “neutral” rating and a $182.00 target price for the company. Wells Fargo & Company reduced their price target on Leidos from $205.00 to $199.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Truist Financial dropped their price objective on shares of Leidos from $205.00 to $185.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Finally, Citigroup upped their price target on shares of Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th.

Leidos Trading Down 7.6 %

Shares of LDOS opened at $148.81 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. Leidos has a 52-week low of $108.95 and a 52-week high of $202.90. The firm has a market cap of $19.86 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 1.05 and a beta of 0.66. The business’s fifty day moving average is $154.62 and its 200-day moving average is $158.29.

Leidos (NYSE:LDOS) last posted 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. The firm had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.03 earnings per share. Equities analysts anticipate that Leidos will post 10.03 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total transaction of $193,632.18. Following the completion of the sale, the director now directly owns 6,408 shares of the company’s stock, valued at approximately $1,185,095.52. This trade represents a 14.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Surya N. Mohapatra sold 2,748 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $194.97, for a total value of $535,777.56. Following the completion of the transaction, the director now owns 20,001 shares of the company’s stock, valued at $3,899,594.97. This trade represents a 12.08 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Leidos

A number of hedge funds have recently modified their holdings of LDOS. Ballentine Partners LLC raised its position in shares of Leidos by 3.5% in the third quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock valued at $297,000 after purchasing an additional 62 shares during the period. Asahi Life Asset Management CO. LTD. raised its holdings in Leidos by 3.2% during the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company’s stock valued at $372,000 after acquiring an additional 70 shares during the period. Somerset Trust Co lifted its position in shares of Leidos by 3.5% during the third quarter. Somerset Trust Co now owns 2,429 shares of the aerospace company’s stock worth $396,000 after acquiring an additional 83 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Leidos by 3.2% in the fourth quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company’s stock worth $394,000 after acquiring an additional 86 shares during the period. Finally, Apella Capital LLC grew its position in shares of Leidos by 0.8% in the third quarter. Apella Capital LLC now owns 11,366 shares of the aerospace company’s stock valued at $1,878,000 after purchasing an additional 89 shares in the last quarter. 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.