Leidos Holdings, Inc. (LDOS) Downgraded to Hold at Zacks Investment Research
Leidos Holdings, Inc. (NYSE:LDOS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.
According to Zacks, “Leidos Holdings, Inc. (Leidos) is a holding company whose direct 100%-owned subsidiaries and principal operating companies are Leidos, Inc. and Leidos Innovations Corporation. Leidos is a global science and technology company that provides technology and engineering services and solutions in the defense, intelligence, civil and health markets. Their domestic customers include agencies of the U.S. Department of Defense, the U.S. Intelligence Community, the U.S. Department of Homeland Security, the Federal Aviation Administration, the Department of Health and Human Services, other U.S. Government civil agencies and state and local government agencies. Their international customers include foreign governments and their agencies, primarily located in the United Kingdom, the Middle East and Australia. “
Several other analysts have also recently commented on the company. TheStreet cut Leidos Holdings from a “b-” rating to a “c+” rating in a report on Thursday, September 7th. Argus raised their price target on Leidos Holdings from $62.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, August 31st. BidaskClub raised Leidos Holdings from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Cowen and Company reissued a “buy” rating and issued a $66.00 price target on shares of Leidos Holdings in a report on Tuesday, September 19th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $75.00 price target on shares of Leidos Holdings in a report on Thursday, October 5th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $64.56.
Leidos Holdings (LDOS) opened at 61.82 on Wednesday. The firm has a 50-day moving average price of $58.92 and a 200-day moving average price of $54.94. Leidos Holdings has a one year low of $40.96 and a one year high of $63.08. The firm has a market capitalization of $9.35 billion, a P/E ratio of 27.70 and a beta of 1.73.
Leidos Holdings (NYSE:LDOS) last posted its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.77 by $0.27. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Leidos Holdings had a return on equity of 17.35% and a net margin of 3.34%. The company’s quarterly revenue was up 99.6% compared to the same quarter last year. During the same period last year, the firm earned $0.68 EPS. Equities analysts anticipate that Leidos Holdings will post $3.56 earnings per share for the current year.
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In other news, VP Jerald S. Howe, Jr. acquired 2,000 shares of Leidos Holdings stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average cost of $55.32 per share, with a total value of $110,640.00. Following the completion of the acquisition, the vice president now owns 2,000 shares in the company, valued at approximately $110,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary Stephen May sold 800 shares of Leidos Holdings stock in a transaction on Monday, August 28th. The stock was sold at an average price of $55.75, for a total value of $44,600.00. Following the transaction, the director now directly owns 6,680 shares of the company’s stock, valued at $372,410. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in Leidos Holdings by 0.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock worth $102,000 after purchasing an additional 18 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Leidos Holdings by 31.2% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,158 shares of the aerospace company’s stock worth $111,000 after purchasing an additional 513 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in Leidos Holdings by 2.0% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,191 shares of the aerospace company’s stock worth $113,000 after purchasing an additional 44 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Leidos Holdings by 263.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 3,111 shares of the aerospace company’s stock worth $161,000 after purchasing an additional 2,254 shares during the last quarter. Finally, Hanseatic Management Services Inc. acquired a new position in Leidos Holdings during the second quarter worth $174,000. 74.55% of the stock is owned by hedge funds and other 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.
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