Leidos Holdings, Inc. (LDOS) Upgraded by Goldman Sachs Group, Inc. (The) to Buy

Leidos Holdings, Inc. (NYSE:LDOS) was upgraded by equities research analysts at Goldman Sachs Group, Inc. (The) from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday, Marketbeat.com reports. The firm currently has a $68.00 target price on the aerospace company’s stock, up from their prior target price of $61.00. Goldman Sachs Group, Inc. (The)’s price target indicates a potential upside of 21.04% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Leidos Holdings from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Tuesday, June 20th. Cowen and Company reiterated a “buy” rating on shares of Leidos Holdings in a report on Thursday, August 3rd. Finally, BidaskClub cut shares of Leidos Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. Leidos Holdings currently has an average rating of “Buy” and an average price target of $57.20.

Shares of Leidos Holdings (NYSE LDOS) traded up 0.61% during midday trading on Thursday, hitting $56.52. 982,787 shares of the company’s stock were exchanged. The company has a 50-day moving average of $53.37 and a 200-day moving average of $52.81. Leidos Holdings has a 52 week low of $37.79 and a 52 week high of $57.72. The firm has a market cap of $8.55 billion, a price-to-earnings ratio of 25.32 and a beta of 1.73.

Leidos Holdings (NYSE:LDOS) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.27. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Leidos Holdings had a net margin of 3.34% and a return on equity of 17.35%. The business’s quarterly revenue was up 99.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 earnings per share. Equities research analysts expect that Leidos Holdings will post $3.49 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Leidos Holdings by 0.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock valued at $102,000 after buying an additional 18 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of Leidos Holdings by 4.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,147 shares of the aerospace company’s stock valued at $110,000 after buying an additional 100 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Leidos Holdings by 263.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,111 shares of the aerospace company’s stock valued at $161,000 after buying an additional 2,254 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Leidos Holdings during the first quarter valued at approximately $189,000. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Leidos Holdings during the second quarter valued at approximately $215,000. Institutional investors and hedge funds own 74.49% of the company’s stock.

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.

Analyst Recommendations for Leidos Holdings (NYSE:LDOS)

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