Cowen and Company Reaffirms Buy Rating for Leidos Holdings, Inc. (LDOS)

Cowen and Company restated their buy rating on shares of Leidos Holdings, Inc. (NYSE:LDOS) in a research report sent to investors on Thursday. They currently have a $68.00 price objective on the aerospace company’s stock.

Several other analysts have also recently weighed in on the stock. TheStreet cut shares of Leidos Holdings from a b- rating to a c+ rating in a research note on Thursday, September 7th. Argus lifted their price objective on shares of Leidos Holdings from $62.00 to $64.00 and gave the stock a buy rating in a research note on Thursday, August 31st. BidaskClub upgraded shares of Leidos Holdings from a sell rating to a hold rating in a research note on Friday, September 1st. Jefferies Group LLC reiterated a buy rating and issued a $75.00 price objective on shares of Leidos Holdings in a research note on Thursday, October 5th. Finally, Zacks Investment Research cut shares of Leidos Holdings from a buy rating to a hold rating in a research note on Wednesday, October 18th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Leidos Holdings has an average rating of Buy and an average target price of $66.18.

Shares of Leidos Holdings (NYSE:LDOS) traded up $0.84 during trading on Thursday, reaching $63.66. 897,116 shares of the company’s stock traded hands, compared to its average volume of 722,026. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.97. The firm has a market cap of $9,625.96, a price-to-earnings ratio of 17.59, a PEG ratio of 1.75 and a beta of 1.69.

Leidos Holdings (NYSE:LDOS) last issued its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.14. Leidos Holdings had a net margin of 3.04% and a return on equity of 17.36%. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the previous year, the company earned $1.25 EPS. The business’s revenue was up 34.0% on a year-over-year basis. equities research analysts anticipate that Leidos Holdings will post 3.67 earnings per share for the current fiscal year.

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In related news, VP Jerald S. Howe, Jr. purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were bought at an average cost of $55.32 per share, with a total value of $110,640.00. Following the acquisition, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $110,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary Stephen May sold 800 shares of Leidos Holdings stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $55.75, for a total transaction of $44,600.00. Following the sale, the director now directly owns 6,680 shares in the company, valued at $372,410. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Leidos Holdings by 11.3% during the 2nd quarter. BlackRock Inc. now owns 12,650,322 shares of the aerospace company’s stock valued at $653,894,000 after purchasing an additional 1,280,482 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Leidos Holdings by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 12,638,104 shares of the aerospace company’s stock valued at $653,263,000 after purchasing an additional 250,211 shares during the last quarter. FMR LLC grew its holdings in shares of Leidos Holdings by 58.4% during the 2nd quarter. FMR LLC now owns 7,484,518 shares of the aerospace company’s stock valued at $386,874,000 after purchasing an additional 2,758,658 shares during the last quarter. State Street Corp grew its holdings in shares of Leidos Holdings by 20.5% during the 2nd quarter. State Street Corp now owns 4,560,128 shares of the aerospace company’s stock valued at $235,717,000 after purchasing an additional 776,462 shares during the last quarter. Finally, FIL Ltd grew its holdings in shares of Leidos Holdings by 2.0% during the 2nd quarter. FIL Ltd now owns 4,169,918 shares of the aerospace company’s stock valued at $215,543,000 after purchasing an additional 83,105 shares during the last quarter. 74.69% 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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