Leidos (NYSE:LDOS) Earns “Buy” Rating from Credit Suisse Group

Leidos (NYSE:LDOS)‘s stock had its “buy” rating reiterated by equities research analysts at Credit Suisse Group in a note issued to investors on Wednesday, AnalystRatings.com reports. They currently have a $97.00 target price on the aerospace company’s stock. Credit Suisse Group’s price target would indicate a potential upside of 8.21% from the company’s current price.

A number of other research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Leidos from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research report on Tuesday, September 17th. ValuEngine upgraded shares of Leidos from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Cowen reissued a “buy” rating and issued a $89.00 price objective on shares of Leidos in a research note on Tuesday, October 29th. JPMorgan Chase & Co. assumed coverage on shares of Leidos in a report on Tuesday, September 24th. They set a “neutral” rating and a $95.00 target price for the company. Finally, Barclays began coverage on shares of Leidos in a research report on Friday, September 20th. They set an “equal weight” rating and a $97.00 target price for the company. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $87.25.

Shares of NYSE LDOS opened at $89.64 on Wednesday. Leidos has a 52 week low of $50.33 and a 52 week high of $92.42. The business’s 50 day moving average price is $87.48 and its 200 day moving average price is $83.50. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.00. The firm has a market cap of $12.73 billion, a P/E ratio of 20.47, a P/E/G ratio of 2.42 and a beta of 1.49.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.17. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.73 billion. Leidos had a net margin of 6.25% and a return on equity of 21.12%. Leidos’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $1.14 EPS. As a group, research analysts expect that Leidos will post 5 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in LDOS. Amundi Pioneer Asset Management Inc. grew its position in shares of Leidos by 11.6% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 347,168 shares of the aerospace company’s stock valued at $22,251,000 after purchasing an additional 36,131 shares in the last quarter. Strs Ohio increased its stake in Leidos by 2.6% in the 2nd quarter. Strs Ohio now owns 8,456 shares of the aerospace company’s stock worth $675,000 after acquiring an additional 216 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Leidos during the 2nd quarter worth approximately $27,000. SG Americas Securities LLC raised its holdings in shares of Leidos by 164.3% during the 2nd quarter. SG Americas Securities LLC now owns 25,903 shares of the aerospace company’s stock worth $2,068,000 after acquiring an additional 16,102 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Leidos by 45.8% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 19,825 shares of the aerospace company’s stock worth $1,583,000 after acquiring an additional 6,230 shares in the last quarter. 74.49% of the stock is owned by hedge funds and other institutional investors.

About Leidos

Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

Featured Article: Special Dividends

Analyst Recommendations for Leidos (NYSE:LDOS)

Receive News & Ratings for Leidos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leidos and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit