Leidos Holdings Inc. (LDOS) Receives $51.50 Average Target Price from Brokerages
Shares of Leidos Holdings Inc. (NYSE:LDOS) have been assigned an average recommendation of “Buy” from the eleven analysts that are covering the stock. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $51.50.
Several research firms have issued reports on LDOS. Argus began coverage on shares of Leidos Holdings in a report on Wednesday, September 7th. They set a “buy” rating and a $54.00 price target for the company. Zacks Investment Research upgraded shares of Leidos Holdings from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Tuesday, September 6th. Wells Fargo & Co. restated a “hold” rating on shares of Leidos Holdings in a report on Monday, July 11th. Credit Suisse Group AG raised their price target on shares of Leidos Holdings from $53.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, August 2nd. Finally, Citigroup Inc. assumed coverage on shares of Leidos Holdings in a report on Tuesday, September 6th. They set a “buy” rating and a $47.00 price target for the company.
Leidos Holdings (NYSE:LDOS) opened at 41.56 on Thursday. The company’s 50-day moving average is $42.05 and its 200 day moving average is $47.00. The firm has a market cap of $3.03 billion, a PE ratio of 10.92 and a beta of 1.38. Leidos Holdings has a one year low of $37.79 and a one year high of $59.52.
Leidos Holdings (NYSE:LDOS) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by $0.05. Leidos Holdings had a return on equity of 20.06% and a net margin of 5.13%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts anticipate that Leidos Holdings will post $3.15 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Tuesday, September 20th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Friday, September 16th. Leidos Holdings’s payout ratio is currently 35.56%.
In other Leidos Holdings news, Director Surya N. Mohapatra purchased 3,575 shares of Leidos Holdings stock in a transaction that occurred on Tuesday, September 13th. The stock was acquired at an average price of $41.48 per share, with a total value of $148,291.00. Following the transaction, the director now owns 6,143 shares in the company, valued at approximately $254,811.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. OMERS ADMINISTRATION Corp acquired a new stake in Leidos Holdings during the first quarter valued at about $634,000. Canada Pension Plan Investment Board increased its position in Leidos Holdings by 7.3% in the first quarter. Canada Pension Plan Investment Board now owns 194,000 shares of the company’s stock worth $9,762,000 after buying an additional 13,200 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in Leidos Holdings during the first quarter worth about $1,011,000. NN Investment Partners Holdings N.V. purchased a new position in Leidos Holdings during the first quarter worth about $3,092,000. Finally, JPMorgan Chase & Co. increased its position in Leidos Holdings by 22.4% in the first quarter. JPMorgan Chase & Co. now owns 1,538,097 shares of the company’s stock worth $77,398,000 after buying an additional 281,043 shares in the last quarter. 61.17% of the stock is owned by institutional investors and hedge funds.
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.
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