Leidos Holdings Inc. (LDOS) Upgraded by Credit Suisse Group AG to “Outperform”
Credit Suisse Group AG upgraded shares of Leidos Holdings Inc. (NYSE:LDOS) from a neutral rating to an outperform rating in a research report released on Monday. The firm currently has $57.00 target price on the stock.
Other analysts have also issued research reports about the company. Zacks Investment Research raised Leidos Holdings from a sell rating to a hold rating in a report on Tuesday, August 2nd. Jefferies Group reaffirmed a hold rating and issued a $44.00 target price on shares of Leidos Holdings in a report on Tuesday, November 8th. Argus began coverage on Leidos Holdings in a report on Wednesday, September 7th. They issued a buy rating and a $54.00 target price on the stock. Finally, Citigroup Inc. began coverage on Leidos Holdings in a report on Tuesday, September 6th. They issued a buy rating and a $47.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of $49.50.
Shares of Leidos Holdings (NYSE:LDOS) traded up 0.172% on Monday, reaching $49.535. The company had a trading volume of 260,028 shares. The company’s 50-day moving average is $43.45 and its 200 day moving average is $45.78. The firm has a market capitalization of $7.45 billion, a PE ratio of 12.876 and a beta of 1.55. Leidos Holdings has a 12 month low of $37.79 and a 12 month high of $59.52.
Leidos Holdings (NYSE:LDOS) last released its earnings results on Thursday, November 3rd. The company reported $1.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.29. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.90 billion. Leidos Holdings had a return on equity of 18.93% and a net margin of 5.36%. The company’s revenue was up 43.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 EPS. Equities analysts forecast that Leidos Holdings will post $3.56 earnings per share for the current year.
In other Leidos Holdings news, Director Surya N. Mohapatra acquired 3,276 shares of the business’s stock in a transaction on Friday, November 11th. The stock was purchased at an average price of $46.27 per share, for a total transaction of $151,580.52. Following the transaction, the director now owns 9,419 shares in the company, valued at approximately $435,817.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Surya N. Mohapatra acquired 3,575 shares of the business’s stock in a transaction 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 disclosure for this purchase can be found here. Corporate insiders own 1.70% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Boston Partners purchased a new stake in Leidos Holdings during the third quarter valued at approximately $320,551,000. Neuberger Berman Group LLC boosted its stake in Leidos Holdings by 677.2% in the third quarter. Neuberger Berman Group LLC now owns 5,352,222 shares of the company’s stock valued at $231,644,000 after buying an additional 4,663,578 shares during the period. Ameriprise Financial Inc. boosted its stake in Leidos Holdings by 202.1% in the third quarter. Ameriprise Financial Inc. now owns 5,145,529 shares of the company’s stock valued at $222,707,000 after buying an additional 3,442,000 shares during the period. BlackRock Fund Advisors boosted its stake in Leidos Holdings by 124.6% in the third quarter. BlackRock Fund Advisors now owns 5,230,754 shares of the company’s stock valued at $226,387,000 after buying an additional 2,902,068 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Leidos Holdings by 2,704.7% in the third quarter. Wells Fargo & Company MN now owns 2,095,027 shares of the company’s stock valued at $90,672,000 after buying an additional 2,020,331 shares during the period. Hedge funds and other institutional investors own 60.85% of the company’s stock.
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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