Leidos (NYSE:LDOS) Earns Buy Rating from Truist Financial

Leidos (NYSE:LDOS)‘s stock had its “buy” rating reaffirmed by stock analysts at Truist Financial in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $165.00 price objective on the aerospace company’s stock, up from their previous price objective of $150.00. Truist Financial’s target price indicates a potential upside of 17.67% from the stock’s current price.

Several other research firms have also weighed in on LDOS. Jefferies Financial Group boosted their price objective on shares of Leidos from $130.00 to $135.00 and gave the stock a “hold” rating in a research note on Wednesday, April 10th. Barclays upgraded shares of Leidos from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 5th. Bank of America boosted their price objective on shares of Leidos from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Argus upped their price target on shares of Leidos from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Finally, StockNews.com lowered shares of Leidos from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $136.58.

Leidos Trading Up 6.5 %

Shares of NYSE:LDOS opened at $140.22 on Wednesday. The company’s 50-day moving average price is $128.08 and its two-hundred day moving average price is $114.53. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.34 and a quick ratio of 1.24. Leidos has a one year low of $76.58 and a one year high of $140.91. The stock has a market capitalization of $18.95 billion, a PE ratio of 98.75, a price-to-earnings-growth ratio of 1.82 and a beta of 0.70.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, April 30th. The aerospace company reported $2.29 EPS for the quarter, topping the consensus estimate of $1.70 by $0.59. Leidos had a net margin of 1.29% and a return on equity of 22.92%. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.82 billion. During the same period in the previous year, the firm posted $1.47 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities analysts forecast that Leidos will post 7.77 EPS for the current fiscal year.

Insider Transactions at Leidos

In related news, Director David G. Fubini sold 7,874 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total value of $1,007,005.86. Following the completion of the transaction, the director now owns 14,696 shares of the company’s stock, valued at approximately $1,879,471.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director David G. Fubini sold 7,874 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total value of $1,007,005.86. Following the completion of the transaction, the director now owns 14,696 shares of the company’s stock, valued at approximately $1,879,471.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gary Stephen May sold 2,745 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total transaction of $341,725.05. Following the transaction, the director now directly owns 11,352 shares of the company’s stock, valued at approximately $1,413,210.48. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Leidos

Large investors have recently modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Leidos during the fourth quarter worth $28,000. Lindbrook Capital LLC lifted its stake in shares of Leidos by 209.0% in the fourth quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock valued at $30,000 after buying an additional 186 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new position in shares of Leidos in the fourth quarter valued at $35,000. Itau Unibanco Holding S.A. bought a new position in shares of Leidos in the third quarter valued at $30,000. Finally, Tidemark LLC bought a new position in shares of Leidos in the fourth quarter valued at $41,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Company Profile

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.