Leidos Holdings, Inc. (LDOS) Stock Rating Reaffirmed by Cowen and Company

Leidos Holdings, Inc. (NYSE:LDOS)‘s stock had its “buy” rating reaffirmed by stock analysts at Cowen and Company in a report issued on Thursday. They presently have a $68.00 target price on the aerospace company’s stock. Cowen and Company’s price target suggests a potential upside of 9.43% from the stock’s current price.

A number of other equities analysts have also weighed in on LDOS. Jefferies Group LLC reiterated a “buy” rating and set a $75.00 target price on shares of Leidos Holdings in a research note on Thursday, October 5th. Goldman Sachs Group, Inc. (The) upgraded Leidos Holdings from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $61.00 to $68.00 in a research note on Thursday, August 10th. ValuEngine upgraded Leidos Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. BidaskClub upgraded Leidos Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Finally, Zacks Investment Research lowered Leidos Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Ten equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of $64.56.

Shares of Leidos Holdings (NYSE:LDOS) opened at 62.14 on Thursday. Leidos Holdings has a 52-week low of $40.96 and a 52-week high of $62.66. The company has a market capitalization of $9.40 billion, a PE ratio of 27.84 and a beta of 1.72. The stock’s 50 day moving average price is $58.45 and its 200-day moving average price is $54.76.

Leidos Holdings (NYSE:LDOS) last announced its earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.27. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Leidos Holdings had a return on equity of 17.35% and a net margin of 3.34%. The firm’s quarterly revenue was up 99.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 earnings per share. On average, analysts expect that Leidos Holdings will post $3.56 earnings per share for the current year.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its position in shares of Leidos Holdings by 11.3% in the 2nd quarter. BlackRock Inc. now owns 12,650,322 shares of the aerospace company’s stock worth $653,894,000 after acquiring an additional 1,280,482 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Leidos Holdings by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 12,638,104 shares of the aerospace company’s stock worth $653,263,000 after acquiring an additional 250,211 shares in the last quarter. FMR LLC raised its position in shares of Leidos Holdings by 58.4% in the 2nd quarter. FMR LLC now owns 7,484,518 shares of the aerospace company’s stock worth $386,874,000 after acquiring an additional 2,758,658 shares in the last quarter. State Street Corp raised its position in shares of Leidos Holdings by 20.5% in the 2nd quarter. State Street Corp now owns 4,560,128 shares of the aerospace company’s stock worth $235,717,000 after acquiring an additional 776,462 shares in the last quarter. Finally, FIL Ltd raised its position in shares of Leidos Holdings by 2.0% in the 2nd quarter. FIL Ltd now owns 4,169,918 shares of the aerospace company’s stock worth $215,543,000 after acquiring an additional 83,105 shares in the last quarter. 74.54% of the stock is currently 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.

Analyst Recommendations for Leidos Holdings (NYSE:LDOS)

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