Leidos Holdings, Inc. (LDOS) Stock Rating Upgraded by Zacks Investment Research

Leidos Holdings, Inc. (NYSE:LDOS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage presently has a $60.00 price target on the aerospace company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 11.26% 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. “

Other equities research analysts also recently issued research reports about the company. TheStreet upgraded Leidos Holdings from a “c” rating to a “b-” rating in a research report on Friday, February 24th. Vertical Research initiated coverage on Leidos Holdings in a report on Thursday, March 16th. They issued a “buy” rating and a $67.00 price objective on the stock. Finally, Cowen and Company boosted their price objective on Leidos Holdings from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $56.50.

Analyst Recommendations for Leidos Holdings (NYSE:LDOS)

Shares of Leidos Holdings (NYSE LDOS) opened at 53.93 on Tuesday. The stock’s 50 day moving average price is $54.27 and its 200 day moving average price is $52.21. Leidos Holdings has a one year low of $37.79 and a one year high of $56.67. The stock has a market capitalization of $8.15 billion, a PE ratio of 25.38 and a beta of 1.74.

Leidos Holdings (NYSE:LDOS) last posted its earnings results on Thursday, May 4th. The aerospace company reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.10. Leidos Holdings had a return on equity of 16.70% and a net margin of 3.16%. The company had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. The company’s revenue for the quarter was up 96.6% on a year-over-year basis. Equities research analysts predict that Leidos Holdings will post $3.35 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be issued a $0.32 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $1.28 annualized dividend and a dividend yield of 2.37%. Leidos Holdings’s dividend payout ratio is presently 57.92%.

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Several large investors have recently bought and sold shares of LDOS. Capstone Asset Management Co. increased its stake 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 valued at $720,000 after buying an additional 1,900 shares during the period. Reilly Financial Advisors LLC increased its stake in shares of Leidos Holdings by 11.5% in the first quarter. Reilly Financial Advisors LLC now owns 19,175 shares of the aerospace company’s stock valued at $981,000 after buying an additional 1,980 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of Leidos Holdings by 6.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 151,260 shares of the aerospace company’s stock valued at $7,735,000 after buying an additional 8,928 shares during the period. Marshall Wace LLP bought a new stake in shares of Leidos Holdings during the fourth quarter valued at $4,199,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Leidos Holdings during the fourth quarter valued at $415,000. Hedge funds and other institutional investors own 76.23% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LDOS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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