Leidos (NYSE:LDOS) Stock Price Target Lowered at Citigroup

Leidos (NYSE:LDOS) had its price target lowered by research analysts at Citigroup from $161.00 to $141.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the aerospace company’s stock. Citigroup’s price target points to a potential upside of 24.07% from the company’s previous close.

LDOS has been the topic of a number of other reports. BNP Paribas Exane raised their price target on Leidos from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Wall Street Zen raised shares of Leidos from a “hold” rating to a “buy” rating in a research report on Thursday, July 16th. Jefferies Financial Group dropped their price target on shares of Leidos from $145.00 to $130.00 and set a “hold” rating for the company in a research report on Tuesday. TD Cowen decreased their price target on shares of Leidos from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Tuesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Leidos in a research note on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $157.43.

Leidos Price Performance

LDOS stock traded down $3.04 during trading on Wednesday, hitting $113.65. The stock had a trading volume of 971,480 shares, compared to its average volume of 1,317,110. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 1.34 and a beta of 0.58. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.60 and a current ratio of 1.63. The company’s 50 day moving average price is $131.02 and its two-hundred day moving average price is $130.14. Leidos has a 1-year low of $98.86 and a 1-year high of $205.77.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Monday, August 3rd. The aerospace company reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.35. Leidos had a net margin of 7.80% and a return on equity of 30.81%. The business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the previous year, the firm posted $3.21 earnings per share. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, sell-side analysts forecast that Leidos will post 12.28 EPS for the current fiscal year.

Leidos announced that its board has initiated a share repurchase plan on Friday, July 31st that permits the company to buyback 20,000,000 outstanding shares. This buyback authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, Director Gary May sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $140.85, for a total transaction of $140,850.00. Following the completion of the sale, the director directly owned 10,204 shares of the company’s stock, valued at approximately $1,437,233.40. This trade represents a 8.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Noel B. Geer sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $140.66, for a total transaction of $1,406,600.00. Following the completion of the transaction, the director owned 34,274 shares in the company, valued at $4,820,980.84. This represents a 22.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Hilton Head Capital Partners LLC acquired a new position in shares of Leidos in the 4th quarter valued at approximately $28,000. Longview Financial Advisors Inc. bought a new stake in shares of Leidos in the first quarter worth $26,000. Manchester Capital Management LLC boosted its stake in Leidos by 6,366.7% during the 4th quarter. Manchester Capital Management LLC now owns 194 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 191 shares during the last quarter. South Plains Financial Inc. acquired a new position in Leidos during the 4th quarter worth $46,000. Finally, SHP Wealth Management acquired a new stake in shares of Leidos in the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Company Profile

Leidos Holdings, Inc is a technology, engineering and services company that provides solutions to government and commercial customers. The company operates primarily in the defense, intelligence, civil and health markets, supporting customers with mission-critical systems, digital modernization, cybersecurity, data analytics and technical services.

Its offerings include defense and intelligence technologies, command-and-control systems, transportation and infrastructure solutions, health information technology, aviation and security services, and scientific and engineering support.