Leidos Holdings Inc. (NYSE:LDOS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The firm currently has a $47.00 target price on the stock. Zacks Investment Research’s target price would suggest a potential upside of 9.81% from the company’s previous close.
According to Zacks, “Leidos Holdings Inc. provides science and technology solutions. The company operates in four segments: Defense Solutions; Health, Energy and Civil Solutions; Intelligence and Cybersecurity Solutions, and Corporate and other. It serves in the areas of national security, engineering and health. Leidos Holdings Inc., formerly known as SAIC, Inc., is headquartered in McLean, Virginia. “
Several other equities analysts have also recently weighed in on LDOS. Jefferies Group reaffirmed a “hold” rating on shares of Leidos Holdings in a research note on Monday, August 1st. Citigroup Inc. assumed coverage on shares of Leidos Holdings in a research note on Tuesday, September 6th. They set a “buy” rating and a $47.00 price target for the company. Credit Suisse Group AG raised their price target on shares of Leidos Holdings from $53.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 2nd. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Leidos Holdings in a research note on Monday, July 11th. Finally, Argus assumed coverage on shares of Leidos Holdings in a research note on Wednesday, September 7th. They set a “buy” rating and a $54.00 price target for the company. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Leidos Holdings currently has a consensus rating of “Buy” and a consensus target price of $50.71.
Shares of Leidos Holdings (NYSE:LDOS) traded down 0.42% during trading on Wednesday, reaching $42.62. 157,277 shares of the company were exchanged. Leidos Holdings has a one year low of $37.79 and a one year high of $59.52. The company has a 50 day moving average price of $41.65 and a 200-day moving average price of $47.41. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 11.20 and a beta of 1.38.
Leidos Holdings (NYSE:LDOS) last posted its earnings results on Thursday, July 28th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by $0.05. Leidos Holdings had a return on equity of 20.06% and a net margin of 5.13%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. Leidos Holdings’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts predict that Leidos Holdings will post $3.15 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Tuesday, September 20th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Friday, September 16th. Leidos Holdings’s payout ratio is presently 35.56%.
In other Leidos Holdings news, Director Surya N. Mohapatra purchased 3,575 shares of the business’s stock in a transaction on Tuesday, September 13th. The stock was acquired at an average price of $41.48 per share, with a total value of $148,291.00. Following the acquisition, the director now directly owns 6,143 shares of the company’s stock, valued at approximately $254,811.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.70% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. PineBridge Investments L.P. acquired a new stake in shares of Leidos Holdings during the second quarter valued at about $105,000. Advisor Group Inc. acquired a new stake in shares of Leidos Holdings during the second quarter valued at about $125,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Leidos Holdings during the second quarter valued at about $134,000. Fuller & Thaler Asset Management Inc. increased its stake in shares of Leidos Holdings by 54.3% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 3,125 shares of the company’s stock valued at $150,000 after buying an additional 1,100 shares in the last quarter. Finally, LS Investment Advisors LLC increased its stake in shares of Leidos Holdings by 71.4% in the second quarter. LS Investment Advisors LLC now owns 3,899 shares of the company’s stock valued at $187,000 after buying an additional 1,624 shares in the last quarter. 61.04% of the stock is owned by institutional investors and hedge funds.
Leidos Holdings Company Profile
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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