Leidos Holdings Inc (NYSE:LDOS) Receives Average Rating of “Buy” from Brokerages

Leidos Holdings Inc (NYSE:LDOS) has received a consensus rating of “Buy” from the thirteen research firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $86.50.

LDOS has been the subject of a number of analyst reports. ValuEngine upgraded shares of Leidos from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. assumed coverage on shares of Leidos in a report on Tuesday, September 24th. They issued a “neutral” rating and a $95.00 price target for the company. Morgan Stanley boosted their price target on shares of Leidos from $81.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Cowen reaffirmed a “buy” rating and issued a $89.00 price target on shares of Leidos in a report on Tuesday, October 29th. Finally, Barclays began coverage on shares of Leidos in a report on Friday, September 20th. They issued an “equal weight” rating and a $97.00 price target on the stock.

NYSE:LDOS traded up $0.03 during trading on Friday, reaching $89.69. The company’s stock had a trading volume of 26,542 shares, compared to its average volume of 866,806. Leidos has a 12 month low of $50.33 and a 12 month high of $92.42. The firm has a market cap of $12.86 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 2.42 and a beta of 1.49. The firm has a 50 day moving average of $86.32 and a 200-day moving average of $83.01. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.16 and a current ratio of 1.16.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $1.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.17. Leidos had a net margin of 6.25% and a return on equity of 21.12%. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the previous year, the firm earned $1.14 EPS. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. Equities research analysts forecast that Leidos will post 5 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 16th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.36 dividend on an annualized basis and a yield of 1.52%. Leidos’s dividend payout ratio is presently 31.05%.

Several large investors have recently modified their holdings of LDOS. Welch & Forbes LLC bought a new stake in Leidos during the second quarter worth about $240,000. Allianz Asset Management GmbH grew its stake in Leidos by 15.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 258,419 shares of the aerospace company’s stock valued at $20,634,000 after acquiring an additional 34,196 shares in the last quarter. Ibex Investors LLC purchased a new position in Leidos during the 2nd quarter valued at about $224,000. Tocqueville Asset Management L.P. acquired a new position in shares of Leidos in the 3rd quarter valued at about $254,000. Finally, Braun Stacey Associates Inc. increased its holdings in shares of Leidos by 4.7% in the 2nd quarter. Braun Stacey Associates Inc. now owns 181,063 shares of the aerospace company’s stock valued at $14,458,000 after purchasing an additional 8,183 shares during the period. 74.87% of the stock is currently owned by hedge funds and other institutional investors.

Leidos Company Profile

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.

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Analyst Recommendations for Leidos (NYSE:LDOS)

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