Shares of Leonardo DRS, Inc. (NASDAQ:DRS – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $32.17.
A number of research firms recently issued reports on DRS. JPMorgan Chase & Co. upped their target price on Leonardo DRS from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Robert W. Baird increased their price objective on Leonardo DRS from $30.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. BTIG Research boosted their target price on shares of Leonardo DRS from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Bank of America lowered shares of Leonardo DRS from a “buy” rating to a “neutral” rating and upped their target price for the company from $26.00 to $30.00 in a report on Tuesday, September 24th. Finally, Truist Financial lifted their price target on shares of Leonardo DRS from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st.
Read Our Latest Stock Analysis on Leonardo DRS
Institutional Investors Weigh In On Leonardo DRS
Leonardo DRS Trading Down 2.1 %
NASDAQ:DRS opened at $36.13 on Friday. The company has a market capitalization of $9.55 billion, a PE ratio of 49.28, a price-to-earnings-growth ratio of 2.26 and a beta of 0.95. Leonardo DRS has a 52-week low of $17.97 and a 52-week high of $37.99. The stock has a fifty day simple moving average of $29.28 and a 200-day simple moving average of $26.87. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.14.
Leonardo DRS (NASDAQ:DRS – Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The company had revenue of $812.00 million during the quarter, compared to analysts’ expectations of $775.44 million. Leonardo DRS had a net margin of 6.23% and a return on equity of 9.71%. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.20 earnings per share. On average, equities research analysts expect that Leonardo DRS will post 0.9 earnings per share for the current fiscal year.
Leonardo DRS Company Profile
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.
See Also
- Five stocks we like better than Leonardo DRS
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Home Depot Stock: Targeting 12% in 2024 and 25% More in 2025
- 3 Best Fintech Stocks for a Portfolio Boost
- Is Tesla’s Valuation a Bubble or Backed by Real Growth?
- Business Services Stocks Investing
- Trucking Stocks Led the Pack Last Week: Can They Keep Rolling?
Receive News & Ratings for Leonardo DRS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leonardo DRS and related companies with MarketBeat.com's FREE daily email newsletter.