Leidos (NYSE:LDOS) had its price target raised by stock analysts at Citigroup from $71.00 to $75.00 in a research note issued on Monday, The Fly reports. The firm presently has a “buy” rating on the aerospace company’s stock. Citigroup’s target price points to a potential upside of 13.93% from the company’s previous close.
Other research analysts have also issued reports about the stock. Jefferies Group boosted their price target on shares of Leidos from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday. Credit Suisse Group reiterated an “outperform” rating and set a $81.00 price target (up from $79.00) on shares of Leidos in a research note on Friday. ValuEngine upgraded shares of Leidos from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Cowen reiterated a “buy” rating and set a $68.00 price target on shares of Leidos in a research note on Thursday, November 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $68.00 price target on shares of Leidos in a research note on Tuesday, November 21st. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $71.40.
Leidos (LDOS) opened at $65.83 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 0.90. The company has a market cap of $9,970.57, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 1.55 and a beta of 1.63. Leidos has a one year low of $49.84 and a one year high of $68.25.
Leidos announced that its board has approved a share repurchase program on Thursday, February 22nd that authorizes the company to buyback 20,000,000 outstanding shares. This buyback authorization authorizes the aerospace company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.
In related news, Director John P. Jumper sold 61,212 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $64.06, for a total transaction of $3,921,240.72. Following the sale, the director now owns 306,709 shares of the company’s stock, valued at $19,647,778.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.70% of the stock is currently owned by insiders.
A hedge fund recently raised its stake in Leidos stock. Cambridge Investment Research Advisors Inc. increased its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 89.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,566 shares of the aerospace company’s stock after buying an additional 7,352 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Leidos were worth $1,005,000 as of its most recent filing with the Securities and Exchange Commission. 73.78% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: This news story was first published by Ticker Report and is the property of of Ticker Report. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3222971/leidos-ldos-given-new-75-00-price-target-at-citigroup.html.
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.
Receive News & Ratings for Leidos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leidos and related companies with MarketBeat.com's FREE daily email newsletter.