Wells Fargo & Company Increases Leidos (NYSE:LDOS) Price Target to $183.00

Leidos (NYSE:LDOS) had its price objective increased by analysts at Wells Fargo & Company from $172.00 to $183.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the aerospace company’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 10.98% from the stock’s previous close.

Several other research firms also recently commented on LDOS. Barclays increased their target price on Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. TD Cowen raised their price objective on shares of Leidos from $155.00 to $166.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Truist Financial boosted their target price on shares of Leidos from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Stifel Nicolaus lifted their price target on shares of Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, June 24th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Leidos from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.00.

Leidos Price Performance

LDOS traded up $1.90 during trading on Tuesday, hitting $164.90. 440,659 shares of the stock traded hands, compared to its average volume of 868,421. The business has a 50 day moving average price of $152.30 and a 200 day moving average price of $144.42. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.11. Leidos has a twelve month low of $89.22 and a twelve month high of $165.49. The company has a market cap of $22.30 billion, a price-to-earnings ratio of 71.25, a PEG ratio of 1.41 and a beta of 0.70.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.36. The company had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $1.80 EPS. Equities research analysts forecast that Leidos will post 8.95 earnings per share for the current fiscal year.

Insider Transactions at Leidos

In related news, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the sale, the director now directly owns 11,264 shares in the company, valued at $1,622,241.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Gary Stephen May sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the transaction, the director now directly owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas Arthur Bell acquired 1,712 shares of Leidos stock in a transaction on Thursday, August 1st. The shares were purchased at an average cost of $145.04 per share, with a total value of $248,308.48. Following the completion of the acquisition, the chief executive officer now owns 22,398 shares of the company’s stock, valued at approximately $3,248,605.92. The disclosure for this purchase can be found here. 0.96% of the stock is currently owned by insiders.

Institutional Trading of Leidos

Several hedge funds and other institutional investors have recently modified their holdings of the business. US Bancorp DE lifted its position in shares of Leidos by 7.1% during the fourth quarter. US Bancorp DE now owns 7,686 shares of the aerospace company’s stock worth $832,000 after acquiring an additional 509 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Leidos by 9.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,779 shares of the aerospace company’s stock worth $193,000 after purchasing an additional 157 shares in the last quarter. Stifel Financial Corp boosted its stake in Leidos by 6.0% in the 4th quarter. Stifel Financial Corp now owns 130,024 shares of the aerospace company’s stock worth $14,074,000 after purchasing an additional 7,352 shares during the period. Eagle Asset Management Inc. purchased a new position in Leidos during the 4th quarter valued at about $1,819,000. Finally, California State Teachers Retirement System increased its position in shares of Leidos by 2.7% during the fourth quarter. California State Teachers Retirement System now owns 213,264 shares of the aerospace company’s stock valued at $23,084,000 after buying an additional 5,648 shares during the period. Institutional investors own 76.12% of the company’s stock.

Leidos Company Profile

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.