Leidos (NYSE:LDOS) Price Target Cut to $185.00 by Analysts at Truist Financial

Leidos (NYSE:LDOS) had its price objective cut by analysts at Truist Financial from $205.00 to $185.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. Truist Financial’s target price would indicate a potential upside of 11.35% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Citigroup boosted their target price on shares of Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Bank of America upped their price target on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price objective on shares of Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Barclays upped their price target on Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Finally, The Goldman Sachs Group lifted their price objective on Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $189.69.

Leidos Stock Performance

NYSE LDOS opened at $166.15 on Friday. Leidos has a 1 year low of $105.52 and a 1 year high of $202.90. The firm’s 50 day simple moving average is $170.16 and its 200 day simple moving average is $155.99. 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 firm has a market capitalization of $22.17 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 1.06 and a beta of 0.68.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $4.06 billion. During the same period last year, the firm posted $2.03 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, research analysts expect that Leidos will post 10.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Leidos

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total transaction of $193,632.18. Following the transaction, the director now owns 6,408 shares in the company, valued at approximately $1,185,095.52. This represents a 14.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Surya N. Mohapatra sold 2,748 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $194.97, for a total value of $535,777.56. Following the transaction, the director now owns 20,001 shares in the company, valued at $3,899,594.97. This trade 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

A number of large investors have recently modified their holdings of the business. Rakuten Securities Inc. lifted its stake in Leidos by 1,460.0% during the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 146 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Leidos during the 3rd quarter worth about $29,000. Northwest Investment Counselors LLC purchased a new position in Leidos in the third quarter valued at approximately $30,000. 1832 Asset Management L.P. purchased a new position in shares of Leidos in the 2nd quarter valued at $34,000. Finally, Blue Trust Inc. increased its position in shares of Leidos by 251.3% during the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

About Leidos

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.