Leidos Holdings Inc. (LDOS) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of Leidos Holdings Inc. (NYSE:LDOS) from a hold rating to a buy rating in a report published on Wednesday. The brokerage currently has $47.00 price target on the stock.
According to Zacks, “Leidos Holdings Inc. provides science and technology solutions. The company operates in four segments: Defense Solutions; Health, Energy and Civil Solutions; Intelligence and Cybersecurity Solutions, and Corporate and other. It serves in the areas of national security, engineering and health. Leidos Holdings Inc., formerly known as SAIC, Inc., is headquartered in McLean, Virginia. “
A number of other equities research analysts have also recently commented on the stock. Citigroup Inc. assumed coverage on shares of Leidos Holdings in a research note on Tuesday, September 6th. They set a buy rating and a $47.00 price objective on the stock. Wells Fargo & Co. reaffirmed a hold rating on shares of Leidos Holdings in a research note on Monday, July 11th. Argus assumed coverage on shares of Leidos Holdings in a research note on Wednesday, September 7th. They set a buy rating and a $54.00 price objective on the stock. Jefferies Group reaffirmed a hold rating on shares of Leidos Holdings in a research note on Monday, August 1st. Finally, Credit Suisse Group AG raised their price objective on shares of Leidos Holdings from $53.00 to $55.00 and gave the stock a neutral rating in a research note on Tuesday, August 2nd. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Leidos Holdings presently has an average rating of Buy and an average price target of $50.71.
Shares of Leidos Holdings (NYSE:LDOS) opened at 41.96 on Wednesday. The company’s 50-day moving average is $41.80 and its 200-day moving average is $47.28. Leidos Holdings has a 1-year low of $37.79 and a 1-year high of $59.52. The stock has a market cap of $3.05 billion, a P/E ratio of 11.03 and a beta of 1.38.
Leidos Holdings (NYSE:LDOS) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by $0.05. Leidos Holdings had a return on equity of 20.06% and a net margin of 5.13%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Leidos Holdings’s revenue was up 2.5% on a year-over-year basis. Equities analysts expect that Leidos Holdings will post $3.15 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Tuesday, September 20th were paid a dividend of $0.32 per share. The ex-dividend date was Friday, September 16th. This represents a $1.28 annualized dividend and a yield of 3.05%. Leidos Holdings’s dividend payout ratio (DPR) is presently 35.56%.
In other Leidos Holdings news, Director Surya N. Mohapatra bought 3,575 shares of the stock in a transaction on Tuesday, September 13th. The shares were bought at an average price of $41.48 per share, with a total value of $148,291.00. Following the purchase, the director now directly owns 6,143 shares in the company, valued at approximately $254,811.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.70% of the company’s stock.
Large investors have recently made changes to their positions in the company. Ameriprise Financial Inc. raised its position in Leidos Holdings by 594.3% in the second quarter. Ameriprise Financial Inc. now owns 1,703,529 shares of the company’s stock valued at $81,548,000 after buying an additional 1,458,156 shares in the last quarter. Prudential Financial Inc. raised its position in Leidos Holdings by 131.2% in the second quarter. Prudential Financial Inc. now owns 1,264,515 shares of the company’s stock valued at $60,532,000 after buying an additional 717,616 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in Leidos Holdings during the second quarter valued at approximately $28,931,000. Adage Capital Partners GP L.L.C. raised its position in Leidos Holdings by 214.9% in the second quarter. Adage Capital Partners GP L.L.C. now owns 554,484 shares of the company’s stock valued at $26,543,000 after buying an additional 378,402 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Leidos Holdings by 5.2% in the second quarter. Vanguard Group Inc. now owns 6,803,065 shares of the company’s stock valued at $325,663,000 after buying an additional 337,766 shares in the last quarter. 61.04% of the stock is currently owned by institutional investors.
About Leidos Holdings
Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.
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