Leidos (NYSE:LDOS) Price Target Increased to $165.00 by Analysts at JPMorgan Chase & Co.

Leidos (NYSE:LDOS) had its price objective boosted by stock analysts at JPMorgan Chase & Co. from $135.00 to $165.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 11.66% from the company’s previous close.

Several other research analysts have also weighed in on the company. Wells Fargo & Company lifted their target price on Leidos from $137.00 to $147.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Robert W. Baird lifted their price target on Leidos from $145.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Bank of America lifted their price target on Leidos from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Royal Bank of Canada lifted their price target on Leidos from $120.00 to $140.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 1st. Finally, Barclays lifted their price target on Leidos from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.83.

Leidos Trading Up 1.9 %

Shares of NYSE:LDOS traded up $2.72 during midday trading on Wednesday, hitting $147.77. The company had a trading volume of 408,444 shares, compared to its average volume of 873,337. The firm has a fifty day simple moving average of $146.05 and a 200 day simple moving average of $129.62. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 1.07. The stock has a market cap of $19.98 billion, a price-to-earnings ratio of 63.58, a PEG ratio of 1.50 and a beta of 0.68. Leidos has a 12 month low of $88.05 and a 12 month high of $151.32.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.59. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.82 billion. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.47 earnings per share. On average, analysts predict that Leidos will post 8.75 EPS for the current year.

Insiders Place Their Bets

In other Leidos news, insider Roy E. Stevens sold 875 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $150.67, for a total transaction of $131,836.25. Following the transaction, the insider now owns 44,149 shares of the company’s stock, valued at $6,651,929.83. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Leidos

Institutional investors have recently made changes to their positions in the company. Royal London Asset Management Ltd. boosted its stake in shares of Leidos by 23.1% in the third quarter. Royal London Asset Management Ltd. now owns 22,879 shares of the aerospace company’s stock valued at $2,108,000 after buying an additional 4,287 shares during the period. Creative Planning increased its holdings in Leidos by 15.6% in the third quarter. Creative Planning now owns 95,319 shares of the aerospace company’s stock valued at $8,785,000 after purchasing an additional 12,839 shares during the period. Graham Capital Management L.P. bought a new stake in Leidos during the third quarter valued at $381,000. American Century Companies Inc. boosted its position in Leidos by 56.9% during the third quarter. American Century Companies Inc. now owns 147,783 shares of the aerospace company’s stock valued at $13,620,000 after acquiring an additional 53,620 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Leidos by 6.2% during the third quarter. Wellington Management Group LLP now owns 4,660,386 shares of the aerospace company’s stock valued at $429,501,000 after acquiring an additional 272,090 shares during the last quarter. 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.