Leidos Holdings, Inc. (NYSE:LDOS) Rating Increased to Buy at Zacks Investment Research
Leidos Holdings, Inc. (NYSE:LDOS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Saturday. The brokerage currently has a $63.00 target price on the aerospace company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 12.12% from the company’s previous close.
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. “
Several other equities research analysts have also recently issued reports on the stock. Cowen and Company lifted their price target on shares of Leidos Holdings from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Friday, May 5th. BidaskClub cut shares of Leidos Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $56.80.
Leidos Holdings (NYSE:LDOS) opened at 56.19 on Friday. Leidos Holdings has a 1-year low of $37.79 and a 1-year high of $56.97. The company has a 50-day moving average price of $53.17 and a 200 day moving average price of $52.59. The stock has a market cap of $8.49 billion, a P/E ratio of 26.44 and a beta of 1.73.
Leidos Holdings (NYSE:LDOS) last issued its earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.27. Leidos Holdings had a net margin of 3.16% and a return on equity of 16.70%. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter last year, the company posted $0.68 earnings per share. The firm’s quarterly revenue was up 99.6% on a year-over-year basis. Equities analysts expect that Leidos Holdings will post $3.40 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Leidos Holdings by 12,635.3% in the first quarter. BlackRock Inc. now owns 11,369,840 shares of the aerospace company’s stock valued at $581,454,000 after buying an additional 11,280,562 shares in the last quarter. FMR LLC increased its stake in shares of Leidos Holdings by 76.7% in the first quarter. FMR LLC now owns 4,725,860 shares of the aerospace company’s stock valued at $241,680,000 after buying an additional 2,051,894 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Leidos Holdings by 4.1% in the first quarter. Vanguard Group Inc. now owns 12,387,893 shares of the aerospace company’s stock valued at $633,517,000 after buying an additional 483,615 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of Leidos Holdings by 31.6% in the first quarter. Schroder Investment Management Group now owns 1,538,906 shares of the aerospace company’s stock valued at $78,977,000 after buying an additional 369,880 shares during the last quarter. Finally, Boston Partners increased its stake in shares of Leidos Holdings by 5.7% in the first quarter. Boston Partners now owns 6,749,196 shares of the aerospace company’s stock valued at $345,155,000 after buying an additional 364,578 shares during the last quarter. Institutional investors and hedge funds own 74.56% of the company’s stock.
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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