Leidos Holdings Inc. (LDOS) Receives $49.17 Average Target Price from Analysts
Leidos Holdings Inc. (NYSE:LDOS) has earned an average recommendation of “Hold” from the eight ratings firms that are covering the firm. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $49.17.
Several equities research analysts recently commented on LDOS shares. Citigroup Inc. started coverage on Leidos Holdings in a report on Tuesday, September 6th. They issued a “buy” rating and a $47.00 price objective for the company. Zacks Investment Research upgraded Leidos Holdings from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Wednesday, October 5th. Argus started coverage on Leidos Holdings in a report on Wednesday, September 7th. They issued a “buy” rating and a $54.00 price objective for the company. Jefferies Group reiterated a “hold” rating on shares of Leidos Holdings in a report on Monday, August 1st. Finally, Credit Suisse Group AG lifted their price objective on Leidos Holdings from $53.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, August 2nd.
In related news, Director Surya N. Mohapatra acquired 3,276 shares of the stock in a transaction dated 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 transaction, the director now directly owns 9,419 shares in the company, valued at $435,817.13. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Surya N. Mohapatra acquired 3,575 shares of the stock in a transaction dated Tuesday, September 13th. The shares were bought at an average cost of $41.48 per share, for a total transaction of $148,291.00. Following the completion of the transaction, the director now owns 6,143 shares in the company, valued at $254,811.64. The disclosure for this purchase can be found here. Company insiders own 1.70% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of LDOS. Great West Life Assurance Co. Can boosted its position in Leidos Holdings by 120.1% in the third quarter. Great West Life Assurance Co. Can now owns 84,104 shares of the company’s stock worth $3,638,000 after buying an additional 45,900 shares in the last quarter. BlueMountain Capital Management LLC acquired a new position in Leidos Holdings during the first quarter worth approximately $470,000. Quantitative Investment Management LLC acquired a new position in Leidos Holdings during the second quarter worth approximately $1,354,000. Synovus Financial Corp boosted its position in Leidos Holdings by 0.7% in the second quarter. Synovus Financial Corp now owns 4,878 shares of the company’s stock worth $235,000 after buying an additional 32 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in Leidos Holdings by 3.0% in the second quarter. UBS Asset Management Americas Inc. now owns 66,148 shares of the company’s stock worth $3,166,000 after buying an additional 1,926 shares in the last quarter. 60.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Leidos Holdings (NYSE:LDOS) opened at 48.36 on Thursday. Leidos Holdings has a one year low of $37.79 and a one year high of $59.52. The stock has a 50 day moving average of $42.67 and a 200-day moving average of $45.91. The stock has a market capitalization of $7.27 billion, a P/E ratio of 12.57 and a beta of 1.55.
Leidos Holdings (NYSE:LDOS) last released its quarterly earnings data on Thursday, November 3rd. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $0.96 by $0.29. Leidos Holdings had a return on equity of 18.93% and a net margin of 5.36%. The company earned $1.87 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period last year, the company earned $0.73 EPS. Leidos Holdings’s revenue for the quarter was up 43.5% on a year-over-year basis. Equities analysts forecast that Leidos Holdings will post $3.56 earnings per share for the current year.
About Leidos Holdings
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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