Leidos (NYSE:LDOS) Price Target Cut to $138.00 by Analysts at Citigroup

Leidos (NYSE:LDOS) had its price target reduced by investment analysts at Citigroup from $178.00 to $138.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. Citigroup’s target price indicates a potential upside of 31.05% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group downgraded shares of Leidos from a “buy” rating to a “hold” rating and dropped their target price for the stock from $185.00 to $140.00 in a research note on Wednesday, June 3rd. Weiss Ratings cut Leidos from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Wells Fargo & Company set a $125.00 target price on Leidos in a research report on Wednesday, June 17th. BNP Paribas Exane assumed coverage on Leidos in a research report on Wednesday, May 27th. They set an “outperform” rating and a $165.00 price target on the stock. Finally, Royal Bank Of Canada decreased their price objective on Leidos from $215.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.58.

Leidos Trading Up 2.3%

LDOS stock traded up $2.33 during midday trading on Wednesday, reaching $105.30. The company’s stock had a trading volume of 264,306 shares, compared to its average volume of 1,270,549. Leidos has a 1 year low of $98.86 and a 1 year high of $205.77. The firm has a market capitalization of $13.25 billion, a price-to-earnings ratio of 9.62, a PEG ratio of 1.48 and a beta of 0.50. The stock has a fifty day simple moving average of $125.61 and a two-hundred day simple moving average of $159.17. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.29 and a current ratio of 1.40.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, May 5th. The aerospace company reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.25. The firm had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.28 billion. Leidos had a net margin of 8.15% and a return on equity of 31.92%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.97 earnings per share. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. On average, equities research analysts predict that Leidos will post 12.26 EPS for the current year.

Insider Activity at Leidos

In other Leidos news, Director Gary Stephen May sold 1,484 shares of Leidos stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $132.75, for a total value of $197,001.00. Following the transaction, the director directly owned 10,137 shares of the company’s stock, valued at approximately $1,345,686.75. The trade was a 12.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Elizabeth A. Porter sold 2,000 shares of the stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $158.78, for a total value of $317,560.00. Following the sale, the insider owned 49,476 shares of the company’s stock, valued at approximately $7,855,799.28. This represents a 3.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.77% of the stock is owned by company insiders.

Hedge Funds Weigh In On Leidos

Several hedge funds have recently modified their holdings of the stock. Diamant Asset Management Inc. lifted its position in shares of Leidos by 16,475.4% during the 1st quarter. Diamant Asset Management Inc. now owns 4,156,784 shares of the aerospace company’s stock worth $646,463,000 after buying an additional 4,131,706 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Leidos by 1.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,421,634 shares of the aerospace company’s stock valued at $256,463,000 after acquiring an additional 22,013 shares in the last quarter. New Age Alpha Advisors LLC grew its holdings in shares of Leidos by 25,505.4% during the fourth quarter. New Age Alpha Advisors LLC now owns 42,505 shares of the aerospace company’s stock worth $7,668,000 after purchasing an additional 42,339 shares during the last quarter. Norges Bank acquired a new stake in shares of Leidos during the fourth quarter worth about $318,839,000. Finally, National Pension Service increased its position in shares of Leidos by 275.0% during the fourth quarter. National Pension Service now owns 278,134 shares of the aerospace company’s stock worth $50,175,000 after purchasing an additional 203,958 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Company Profile

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.