Leidos (NYSE:LDOS) Coverage Initiated by Analysts at UBS Group

Equities research analysts at UBS Group started coverage on shares of Leidos (NYSE:LDOS) in a note issued to investors on Monday,Benzinga reports. The firm set a “neutral” rating and a $182.00 price target on the aerospace company’s stock. UBS Group’s price target indicates a potential upside of 10.04% from the stock’s previous close.

LDOS has been the topic of several other research reports. Barclays raised their target price on shares of Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. The Goldman Sachs Group raised their price objective on shares of Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Truist Financial lowered their price target on Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Finally, Citigroup upped their price objective on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $187.36.

Leidos Stock Performance

LDOS opened at $165.40 on Monday. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. The business’s 50 day moving average is $171.29 and its 200-day moving average is $156.94. The stock has a market cap of $22.07 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 1.11 and a beta of 0.68. Leidos has a twelve month low of $105.52 and a twelve month high of $202.90.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the previous year, the business earned $2.03 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts predict that Leidos will post 10.04 earnings per share for the current year.

Insider Activity at Leidos

In related news, Director Noel B. Geer bought 2,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was purchased at an average price of $161.13 per share, with a total value of $322,260.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at $322,260. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Surya N. Mohapatra sold 2,748 shares of Leidos stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $194.97, for a total transaction of $535,777.56. Following the completion of the transaction, the director now directly owns 20,001 shares in the company, valued at approximately $3,899,594.97. This represents a 12.08 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Leidos

Several hedge funds and other institutional investors have recently made changes to their positions in LDOS. Rakuten Securities Inc. grew its holdings in Leidos by 1,460.0% in the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after buying an additional 146 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Leidos in the third quarter valued at approximately $29,000. Northwest Investment Counselors LLC acquired a new stake in shares of Leidos in the third quarter worth $30,000. 1832 Asset Management L.P. bought a new position in Leidos during the second quarter worth $34,000. Finally, Blue Trust Inc. raised its stake in Leidos by 251.3% during the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock valued at $41,000 after purchasing an additional 201 shares during the last quarter. 76.12% of the stock is 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.