Leidos Holdings, Inc. (LDOS) Raised to “Hold” at BidaskClub
BidaskClub upgraded shares of Leidos Holdings, Inc. (NYSE:LDOS) from a sell rating to a hold rating in a research note released on Friday morning.
LDOS has been the topic of several other research reports. Cowen and Company reaffirmed an outperform rating and issued a $66.00 price objective (up previously from $62.00) on shares of Leidos Holdings in a research note on Wednesday, August 9th. Zacks Investment Research raised Leidos Holdings from a hold rating to a buy rating and set a $61.00 target price on the stock in a research note on Saturday, May 6th. Argus lifted their target price on Leidos Holdings from $62.00 to $64.00 and gave the company a buy rating in a research note on Thursday, August 31st. ValuEngine raised Leidos Holdings from a hold rating to a buy rating in a research note on Thursday, August 17th. Finally, Jefferies Group LLC reissued a hold rating and set a $52.00 target price on shares of Leidos Holdings in a research note on Friday, August 18th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Leidos Holdings has an average rating of Buy and an average target price of $60.30.
Shares of Leidos Holdings (LDOS) opened at 58.74 on Friday. Leidos Holdings has a 12 month low of $40.42 and a 12 month high of $58.94. The stock’s 50 day moving average price is $55.28 and its 200 day moving average price is $53.63. The company has a market capitalization of $8.88 billion, a PE ratio of 26.32 and a beta of 1.71.
Leidos Holdings (NYSE:LDOS) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.77 by $0.27. Leidos Holdings had a return on equity of 17.35% and a net margin of 3.34%. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the company earned $0.68 earnings per share. The business’s revenue for the quarter was up 99.6% compared to the same quarter last year. On average, analysts forecast that Leidos Holdings will post $3.55 EPS for the current year.
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In other news, VP Jerald S. Howe, Jr. acquired 2,000 shares of Leidos Holdings stock in a transaction on Monday, August 21st. The shares were acquired at an average price of $55.32 per share, with a total value of $110,640.00. Following the purchase, the vice president now directly owns 2,000 shares in the company, valued at approximately $110,640. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gary Stephen May sold 800 shares of Leidos Holdings stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $55.75, for a total value of $44,600.00. Following the completion of the sale, the director now directly owns 6,680 shares in the company, valued at approximately $372,410. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its stake in Leidos Holdings by 0.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock worth $102,000 after acquiring an additional 18 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in Leidos Holdings by 4.9% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,147 shares of the aerospace company’s stock worth $110,000 after acquiring an additional 100 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in Leidos Holdings by 31.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,158 shares of the aerospace company’s stock worth $111,000 after acquiring an additional 513 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in Leidos Holdings by 263.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,111 shares of the aerospace company’s stock worth $161,000 after acquiring an additional 2,254 shares during the last quarter. Finally, Hanseatic Management Services Inc. bought a new stake in Leidos Holdings in the 2nd quarter worth approximately $174,000. 75.15% of the stock is currently owned by institutional investors and hedge funds.
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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