Leonardo DRS, Inc. (NASDAQ:DRS) Receives $29.17 Consensus Target Price from Brokerages

Shares of Leonardo DRS, Inc. (NASDAQ:DRS) have received an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $29.17.

A number of equities analysts recently weighed in on DRS shares. Truist Financial upped their target price on shares of Leonardo DRS from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. BTIG Research increased their price objective on shares of Leonardo DRS from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Bank of America cut Leonardo DRS from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $26.00 to $30.00 in a report on Tuesday, September 24th. Finally, Robert W. Baird boosted their target price on Leonardo DRS from $26.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC raised its position in Leonardo DRS by 1,325.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,155 shares of the company’s stock valued at $29,000 after purchasing an additional 1,074 shares during the period. PNC Financial Services Group Inc. purchased a new stake in Leonardo DRS during the 4th quarter valued at $35,000. EntryPoint Capital LLC lifted its position in Leonardo DRS by 165.8% in the first quarter. EntryPoint Capital LLC now owns 1,656 shares of the company’s stock worth $37,000 after buying an additional 1,033 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Leonardo DRS during the first quarter worth $50,000. Finally, Comerica Bank increased its position in Leonardo DRS by 23.7% during the first quarter. Comerica Bank now owns 2,750 shares of the company’s stock valued at $61,000 after acquiring an additional 527 shares during the last quarter. Institutional investors own 18.76% of the company’s stock.

Leonardo DRS Price Performance

Shares of Leonardo DRS stock opened at $28.81 on Monday. The company has a quick ratio of 1.60, a current ratio of 2.01 and a debt-to-equity ratio of 0.15. Leonardo DRS has a 52 week low of $17.97 and a 52 week high of $30.98. The stock’s 50-day simple moving average is $28.17 and its 200-day simple moving average is $25.58. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 41.16, a PEG ratio of 1.99 and a beta of 0.96.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. Leonardo DRS had a return on equity of 9.48% and a net margin of 6.12%. The company had revenue of $753.00 million for the quarter, compared to analysts’ expectations of $680.38 million. During the same period in the previous year, the firm earned $0.15 EPS. The firm’s revenue was up 19.9% compared to the same quarter last year. As a group, analysts expect that Leonardo DRS will post 0.86 earnings per share for the current fiscal year.

About Leonardo DRS

Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.