Leonardo DRS, Inc. (NASDAQ:DRS) Receives $32.17 Average Target Price from Analysts

Shares of Leonardo DRS, Inc. (NASDAQ:DRS) 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.

Institutional Investors Weigh In On Leonardo DRS

Hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its position in Leonardo DRS by 1,325.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,155 shares of the company’s stock worth $29,000 after purchasing an additional 1,074 shares in the last quarter. EntryPoint Capital LLC increased its position in shares of 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 acquiring an additional 1,033 shares in the last quarter. Covestor Ltd raised its stake in shares of Leonardo DRS by 226.8% in the 3rd quarter. Covestor Ltd now owns 1,814 shares of the company’s stock valued at $51,000 after acquiring an additional 1,259 shares during the period. Comerica Bank lifted its holdings in shares of Leonardo DRS by 23.7% during the 1st quarter. Comerica Bank now owns 2,750 shares of the company’s stock valued at $61,000 after acquiring an additional 527 shares in the last quarter. Finally, KBC Group NV boosted its position in Leonardo DRS by 42.5% during the 3rd quarter. KBC Group NV now owns 2,585 shares of the company’s stock worth $73,000 after purchasing an additional 771 shares during the period. 18.76% of the stock is owned by institutional investors and hedge funds.

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) 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.