Leidos Holdings, Inc. (LDOS) Given Average Recommendation of “Buy” by Analysts
Shares of Leidos Holdings, Inc. (NYSE:LDOS) have earned a consensus recommendation of “Buy” from the thirteen ratings firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $71.56.
A number of research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Leidos from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine raised shares of Leidos from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Credit Suisse Group reissued an “outperform” rating and issued a $81.00 target price (up from $79.00) on shares of Leidos in a research note on Friday, February 23rd. Citigroup raised their target price on shares of Leidos from $71.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Finally, Jefferies Group raised their target price on shares of Leidos from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd.
Leidos (LDOS) opened at $69.30 on Wednesday. The firm has a market cap of $10,500.00, a PE ratio of 29.12, a P/E/G ratio of 1.66 and a beta of 1.60. Leidos has a 12 month low of $49.84 and a 12 month high of $70.11. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 0.90.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Wednesday, March 14th. Leidos’s payout ratio is presently 53.78%.
Leidos announced that its board has approved a stock buyback plan on Thursday, February 22nd that permits the company to buyback 20,000,000 outstanding shares. This buyback authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.
A hedge fund recently raised its stake in Leidos stock. Cambridge Investment Research Advisors Inc. increased its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 89.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,566 shares of the aerospace company’s stock after buying an additional 7,352 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Leidos were worth $1,005,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 73.08% of the company’s stock.
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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