Wells Fargo & Company Issues Pessimistic Forecast for Leidos (NYSE:LDOS) Stock Price

Leidos (NYSE:LDOS) had its target price reduced by equities research analysts at Wells Fargo & Company from $230.00 to $205.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the aerospace company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 24.98% from the company’s previous close.

LDOS has been the topic of several other research reports. The Goldman Sachs Group raised their price target on shares of Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Citigroup upped their price target on Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Truist Financial dropped their price target on shares of Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Finally, Royal Bank of Canada increased their price objective on shares of Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Leidos has a consensus rating of “Moderate Buy” and an average price target of $187.77.

Leidos Price Performance

NYSE:LDOS opened at $164.02 on Tuesday. The firm’s fifty day moving average is $170.97 and its two-hundred day moving average is $156.62. The firm has a market cap of $21.89 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.10 and a beta of 0.68. Leidos has a one year low of $105.52 and a one year high of $202.90. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, topping the consensus estimate of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period last year, the company earned $2.03 earnings per share. Leidos’s revenue for the quarter was up 6.9% compared to the same quarter last year. Research analysts expect that Leidos will post 10.04 EPS for the current year.

Insider Transactions at Leidos

In other news, Director Noel B. Geer purchased 2,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average price of $161.13 per share, with a total value of $322,260.00. Following the transaction, the director now owns 2,000 shares in the company, valued at $322,260. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $184.94, for a total transaction of $193,632.18. Following the sale, the director now owns 6,408 shares of the company’s stock, valued at approximately $1,185,095.52. The trade was a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Rakuten Securities Inc. lifted its position in Leidos by 1,460.0% in the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after buying an additional 146 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Leidos during the third quarter valued at about $29,000. Northwest Investment Counselors LLC purchased a new stake in shares of Leidos in the 3rd quarter valued at approximately $30,000. 1832 Asset Management L.P. acquired a new position in shares of Leidos in the 2nd quarter worth approximately $34,000. Finally, Blue Trust Inc. boosted its position in shares of Leidos by 251.3% during the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 201 shares during the period. 76.12% of the stock is currently owned by institutional investors and hedge funds.

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.