Leidos (NYSE:LDOS) Price Target Lowered to $178.00 at Citigroup

Leidos (NYSE:LDOS) had its target price lowered by research analysts at Citigroup from $232.00 to $178.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. Citigroup’s price objective suggests a potential upside of 35.75% from the company’s current price.

A number of other research firms also recently commented on LDOS. Bank of America lowered their price objective on Leidos from $235.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Argus raised Leidos to a “strong-buy” rating in a report on Tuesday, March 31st. Truist Financial decreased their target price on Leidos from $220.00 to $195.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Wells Fargo & Company assumed coverage on Leidos in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $165.00 price target for the company. Finally, Royal Bank Of Canada reduced their price objective on Leidos from $215.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Leidos currently has a consensus rating of “Moderate Buy” and an average price target of $193.64.

Leidos Stock Down 2.8%

LDOS traded down $3.78 during trading on Thursday, hitting $131.12. The company had a trading volume of 1,446,803 shares, compared to its average volume of 1,101,513. Leidos has a 1-year low of $129.35 and a 1-year high of $205.77. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.40 and a quick ratio of 1.58. The company has a market cap of $16.54 billion, a PE ratio of 12.01, a P/E/G ratio of 1.74 and a beta of 0.56. The business has a 50-day moving average of $161.00 and a 200-day moving average of $178.58.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.13 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.25. The company had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.28 billion. Leidos had a net margin of 8.15% and a return on equity of 31.92%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the business earned $2.97 EPS. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. As a group, analysts forecast that Leidos will post 12.26 earnings per share for the current year.

Insider Activity at Leidos

In other news, insider Elizabeth A. Porter sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $158.78, for a total transaction of $317,560.00. Following the completion of the transaction, the insider directly owned 49,476 shares of the company’s stock, valued at approximately $7,855,799.28. This represents a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Longview Financial Advisors Inc. bought a new position in Leidos during the 1st quarter worth $26,000. JFS Wealth Advisors LLC lifted its stake in Leidos by 77.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 151 shares of the aerospace company’s stock valued at $27,000 after buying an additional 66 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Leidos by 94.7% during the fourth quarter. Hantz Financial Services Inc. now owns 148 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 72 shares during the period. Mather Group LLC. acquired a new position in shares of Leidos during the third quarter valued at $28,000. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Leidos during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

About Leidos

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.