Shares of Leidos Holdings, Inc. (NYSE:LDOS) have received an average rating of “Buy” from the twelve analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $58.50.
A number of analysts have commented on the stock. Cowen and Company restated an “outperform” rating and set a $66.00 price target (up previously from $62.00) on shares of Leidos Holdings in a research note on Wednesday. Zacks Investment Research upgraded shares of Leidos Holdings from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Saturday, August 5th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Leidos Holdings from a “neutral” rating to a “buy” rating and upped their target price for the stock from $61.00 to $68.00 in a research note on Thursday.
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Leidos Holdings (NYSE:LDOS) opened at 56.47 on Tuesday. The firm has a market cap of $8.54 billion, a price-to-earnings ratio of 25.30 and a beta of 1.73. The firm has a 50-day moving average of $53.45 and a 200 day moving average of $52.84. Leidos Holdings has a 52-week low of $37.79 and a 52-week high of $57.72.
Leidos Holdings (NYSE:LDOS) last announced its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.27. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. Leidos Holdings had a net margin of 3.34% and a return on equity of 17.35%. Leidos Holdings’s quarterly revenue was up 99.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 EPS. On average, equities research analysts forecast that Leidos Holdings will post $3.55 earnings per share for the current year.
Institutional investors have recently modified their holdings of the company. CENTRAL TRUST Co bought a new position in shares of Leidos Holdings during the first quarter worth $423,000. Creative Planning increased its position in shares of Leidos Holdings by 1.7% in the first quarter. Creative Planning now owns 29,435 shares of the aerospace company’s stock worth $1,505,000 after buying an additional 500 shares during the period. Bank of Montreal Can increased its position in shares of Leidos Holdings by 23.8% in the first quarter. Bank of Montreal Can now owns 24,060 shares of the aerospace company’s stock worth $1,230,000 after buying an additional 4,625 shares during the period. Regentatlantic Capital LLC increased its position in shares of Leidos Holdings by 23.8% in the first quarter. Regentatlantic Capital LLC now owns 53,257 shares of the aerospace company’s stock worth $2,724,000 after buying an additional 10,241 shares during the period. Finally, Capstone Asset Management Co. increased its position in shares of Leidos Holdings by 15.6% in the first quarter. Capstone Asset Management Co. now owns 14,086 shares of the aerospace company’s stock worth $720,000 after buying an additional 1,900 shares during the period. 74.49% of the stock is currently owned by institutional investors.
About Leidos Holdings
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.
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