Leidos Holdings, Inc. (NYSE:LDOS) had its price objective lifted by Argus from $62.00 to $64.00 in a research note released on Thursday morning. Argus currently has a buy rating on the aerospace company’s stock.

Several other research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Leidos Holdings from a hold rating to a buy rating and set a $60.00 price objective on the stock in a report on Thursday, May 18th. Cowen and Company increased their price objective on shares of Leidos Holdings from $58.00 to $62.00 and gave the stock an outperform rating in a report on Friday, May 5th. BidaskClub lowered shares of Leidos Holdings from a hold rating to a sell rating in a report on Saturday, July 1st. ValuEngine upgraded shares of Leidos Holdings from a hold rating to a buy rating in a report on Thursday, August 17th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Leidos Holdings from a neutral rating to a buy rating and increased their price objective for the stock from $61.00 to $68.00 in a report on Thursday, August 10th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $60.30.

Shares of Leidos Holdings (NYSE:LDOS) traded up 0.70% during midday trading on Thursday, hitting $58.73. 260,253 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $55.11 and its 200 day moving average price is $53.58. Leidos Holdings has a one year low of $40.42 and a one year high of $58.94. The firm has a market cap of $8.88 billion, a PE ratio of 26.31 and a beta of 1.73.

Leidos Holdings (NYSE:LDOS) last announced its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.27. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Leidos Holdings had a net margin of 3.34% and a return on equity of 17.35%. The company’s revenue was up 99.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 EPS. Equities research analysts forecast that Leidos Holdings will post $3.55 EPS for the current year.

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In other news, VP Jerald S. Howe, Jr. acquired 2,000 shares of the stock in a transaction on Monday, August 21st. The stock was bought at an average price of $55.32 per share, with a total value of $110,640.00. Following the completion of the transaction, the vice president now directly owns 2,000 shares of the company’s stock, valued at $110,640. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary Stephen May sold 800 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $55.75, for a total transaction of $44,600.00. Following the completion of the sale, the director now directly owns 6,680 shares of the company’s stock, valued at approximately $372,410. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of Leidos Holdings by 0.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock valued at $102,000 after buying an additional 18 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in shares of Leidos Holdings by 4.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,147 shares of the aerospace company’s stock valued at $110,000 after buying an additional 100 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Leidos Holdings by 31.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,158 shares of the aerospace company’s stock valued at $111,000 after buying an additional 513 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of Leidos Holdings by 263.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,111 shares of the aerospace company’s stock valued at $161,000 after buying an additional 2,254 shares during the period. Finally, Hanseatic Management Services Inc. purchased a new stake in shares of Leidos Holdings during the second quarter valued at about $174,000. 75.15% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Leidos Holdings (NYSE:LDOS)

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