Leidos (NYSE:LDOS) PT Raised to $183.00

Leidos (NYSE:LDOS) had its price target raised by research analysts at Wells Fargo & Company from $172.00 to $183.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the aerospace company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 10.84% from the company’s previous close.

Several other equities research analysts also recently commented on LDOS. TD Cowen raised their target price on Leidos from $155.00 to $166.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Bank of America lifted their price objective on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Barclays increased their target price on Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Truist Financial lifted their price target on shares of Leidos from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Leidos from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating, ten have assigned 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 an average target price of $164.83.

Leidos Price Performance

LDOS opened at $165.11 on Tuesday. The company has a 50 day moving average of $152.81 and a two-hundred day moving average of $144.82. Leidos has a 52-week low of $89.22 and a 52-week high of $166.01. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The company has a market cap of $22.24 billion, a P/E ratio of 71.17, a P/E/G ratio of 1.43 and a beta of 0.70.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.36. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The firm had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same period in the prior year, the company earned $1.80 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. On average, analysts expect that Leidos will post 8.95 earnings per share for the current year.

Insider Transactions at Leidos

In other Leidos news, CEO Thomas Arthur Bell bought 1,712 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were purchased at an average cost of $145.04 per share, for a total transaction of $248,308.48. Following the transaction, the chief executive officer now directly owns 22,398 shares in the company, valued at $3,248,605.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Leidos news, Director Gary Stephen May sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the sale, the director now directly owns 11,264 shares in the company, valued at approximately $1,622,241.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas Arthur Bell acquired 1,712 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was bought at an average price of $145.04 per share, with a total value of $248,308.48. Following the completion of the acquisition, the chief executive officer now directly owns 22,398 shares of the company’s stock, valued at $3,248,605.92. The disclosure for this purchase 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 added to or reduced their stakes in the company. 1832 Asset Management L.P. acquired a new stake in Leidos in the 2nd quarter valued at about $34,000. Blue Trust Inc. raised 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 during the period. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Leidos by 122.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock valued at $45,000 after purchasing an additional 169 shares during the last quarter. Family Firm Inc. acquired a new position in shares of Leidos in the 2nd quarter valued at $60,000. Finally, Tributary Capital Management LLC purchased a new position in Leidos in the 1st quarter worth about $64,000. 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.