Leidos (NYSE:LDOS) PT Raised to $194.00 at Citigroup

Leidos (NYSE:LDOS) had its price target hoisted by Citigroup from $169.00 to $194.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. Citigroup’s price target points to a potential upside of 16.03% from the stock’s previous close.

LDOS has been the subject of several other reports. Bank of America lifted their target price on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Truist Financial lifted their target price on shares of Leidos from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Barclays lifted their target price on shares of Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. lifted their target price on shares of Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, TD Cowen lifted their target price on shares of Leidos from $155.00 to $166.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Leidos currently has a consensus rating of “Moderate Buy” and an average target price of $166.92.

Leidos Price Performance

LDOS stock opened at $167.20 on Thursday. The firm has a 50 day moving average of $154.95 and a 200-day moving average of $146.29. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.91. Leidos has a 12 month low of $90.30 and a 12 month high of $168.02. The firm has a market capitalization of $22.61 billion, a P/E ratio of 72.07, a price-to-earnings-growth ratio of 1.50 and a beta of 0.70.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.36. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The company had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same period last year, the business earned $1.80 earnings per share. Leidos’s revenue was up 7.7% compared to the same quarter last year. As a group, sell-side analysts predict that Leidos will post 8.95 earnings per share for the current fiscal year.

Insider Buying and Selling at Leidos

In other Leidos news, CEO Thomas Arthur Bell purchased 1,712 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was acquired at an average cost of $145.04 per share, for a total transaction of $248,308.48. Following the completion of the transaction, the chief executive officer now directly owns 22,398 shares in the company, valued at approximately $3,248,605.92. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Thomas Arthur Bell bought 1,712 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was bought at an average cost of $145.04 per share, for a total transaction of $248,308.48. Following the completion of the acquisition, the chief executive officer now owns 22,398 shares in the company, valued at approximately $3,248,605.92. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,059 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $145.23, for a total transaction of $153,798.57. Following the sale, the director now owns 7,455 shares of the company’s stock, valued at approximately $1,082,689.65. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Institutional Trading of Leidos

A number of institutional investors have recently modified their holdings of LDOS. Chelsea Counsel Co. boosted its holdings in shares of Leidos by 1.3% during the fourth quarter. Chelsea Counsel Co. now owns 11,079 shares of the aerospace company’s stock worth $1,199,000 after purchasing an additional 137 shares during the period. Neo Ivy Capital Management purchased a new stake in Leidos in the fourth quarter worth about $205,000. Virtu Financial LLC purchased a new stake in Leidos in the fourth quarter worth about $272,000. Integrated Advisors Network LLC purchased a new stake in Leidos in the fourth quarter worth about $584,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Leidos by 7.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 16,288 shares of the aerospace company’s stock worth $1,763,000 after buying an additional 1,138 shares during the period. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

About Leidos

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.