Shares of Leidos Holdings, Inc. (NYSE:LDOS) have earned a consensus recommendation of “Buy” from the thirteen analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $56.50.
Several research analysts have recently commented on the company. BidaskClub lowered Leidos Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Zacks Investment Research raised Leidos Holdings from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Tuesday, June 20th. Cowen and Company boosted their price objective on Leidos Holdings from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Finally, Vertical Research assumed coverage on Leidos Holdings in a report on Thursday, March 16th. They set a “buy” rating and a $67.00 price objective for the company.
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Hedge funds have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised its stake in shares of Leidos Holdings by 4.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,147 shares of the aerospace company’s stock valued at $110,000 after buying an additional 100 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Leidos Holdings during the first quarter valued at about $189,000. Timber Hill LLC purchased a new stake in shares of Leidos Holdings during the first quarter valued at about $242,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Leidos Holdings during the first quarter valued at about $247,000. Finally, Searle & CO. purchased a new stake in shares of Leidos Holdings during the fourth quarter valued at about $249,000. 74.66% of the stock is owned by institutional investors and hedge funds.
Shares of Leidos Holdings (NYSE:LDOS) traded up 0.25% during midday trading on Friday, reaching $52.20. 196,901 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $54.16 and a 200 day moving average price of $52.26. The company has a market cap of $7.88 billion, a P/E ratio of 24.56 and a beta of 1.73. Leidos Holdings has a 12 month low of $37.79 and a 12 month high of $56.67.
Leidos Holdings (NYSE:LDOS) last issued its quarterly earnings data on Thursday, May 4th. The aerospace company reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.10. Leidos Holdings had a return on equity of 16.70% and a net margin of 3.16%. The company had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. Leidos Holdings’s revenue was up 96.6% on a year-over-year basis. Equities research analysts forecast that Leidos Holdings will post $3.35 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Tuesday, June 13th. Leidos Holdings’s dividend payout ratio is currently 57.92%.
Leidos Holdings Company Profile
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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