Leidos (NYSE:LDOS) Price Target Raised to $230.00

Leidos (NYSE:LDOS) had its price objective lifted by investment analysts at Wells Fargo & Company from $183.00 to $230.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the aerospace company’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 25.57% from the company’s previous close.

A number of other equities analysts have also recently weighed in on LDOS. JPMorgan Chase & Co. upped their price target on shares of Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Citigroup upped their price target on shares of Leidos from $169.00 to $194.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Royal Bank of Canada upped their price target on shares of Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a research note on Wednesday. The Goldman Sachs Group upped their price target on shares of Leidos from $205.00 to $228.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Barclays upped their price target on shares of Leidos from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Leidos has a consensus rating of “Moderate Buy” and an average target price of $187.77.

Leidos Stock Down 1.4 %

LDOS stock opened at $183.16 on Wednesday. The company has a fifty day moving average price of $162.48 and a 200 day moving average price of $150.78. Leidos has a 12 month low of $94.57 and a 12 month high of $188.36. The company has a market cap of $24.67 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 1.50 and a beta of 0.70. 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 (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.97. The company had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a net margin of 2.72% and a return on equity of 28.40%. Leidos’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.03 EPS. Sell-side analysts expect that Leidos will post 8.96 earnings per share for the current year.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gary Stephen May sold 1,000 shares of the business’s stock in a transaction 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 sale, the director now owns 11,264 shares in the company, valued at $1,622,241.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.96% of the stock is owned by insiders.

Hedge Funds Weigh In On Leidos

Several hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC lifted its holdings in Leidos by 156.5% in the second quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company’s stock worth $165,356,000 after purchasing an additional 691,575 shares during the period. Wedge Capital Management L L P NC lifted its holdings in Leidos by 1,184.3% in the second quarter. Wedge Capital Management L L P NC now owns 501,868 shares of the aerospace company’s stock worth $73,213,000 after purchasing an additional 462,792 shares during the period. International Assets Investment Management LLC lifted its holdings in Leidos by 24,194.3% in the third quarter. International Assets Investment Management LLC now owns 377,047 shares of the aerospace company’s stock worth $61,459,000 after purchasing an additional 375,495 shares during the period. AQR Capital Management LLC lifted its holdings in Leidos by 76.9% in the second quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock worth $101,942,000 after purchasing an additional 303,775 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Leidos by 138.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 517,498 shares of the aerospace company’s stock valued at $67,840,000 after acquiring an additional 300,486 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

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.