Leidos (NYSE:LDOS) Price Target Increased to $160.00 by Analysts at Stifel Nicolaus

Leidos (NYSE:LDOS) had its target price boosted by equities research analysts at Stifel Nicolaus from $138.00 to $160.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the aerospace company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 12.95% from the company’s current price.

Several other equities analysts have also recently commented on LDOS. Bank of America raised their target price on shares of Leidos from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. StockNews.com cut Leidos from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th. TheStreet upgraded Leidos from a “c” rating to a “b” rating in a research report on Tuesday, February 13th. Robert W. Baird lifted their price target on Leidos from $145.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Truist Financial restated a “buy” rating and issued a $165.00 price objective (up previously from $150.00) on shares of Leidos in a report on Wednesday. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $141.17.

Leidos Stock Performance

Shares of NYSE LDOS traded down $1.01 during midday trading on Wednesday, hitting $141.65. 1,311,241 shares of the company’s stock were exchanged, compared to its average volume of 894,925. Leidos has a twelve month low of $76.58 and a twelve month high of $143.35. The firm has a market cap of $19.15 billion, a P/E ratio of 61.06, a PEG ratio of 1.85 and a beta of 0.66. The stock’s 50 day moving average price is $128.80 and its 200-day moving average price is $114.92. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.35 and a quick ratio of 1.24.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.59. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.82 billion. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.47 EPS. Equities research analysts anticipate that Leidos will post 8.25 EPS for the current year.

Insider Activity

In other Leidos news, Director Gary Stephen May sold 2,745 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total transaction of $341,725.05. Following the sale, the director now directly owns 11,352 shares of the company’s stock, valued at approximately $1,413,210.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director David G. Fubini sold 7,874 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the transaction, the director now directly owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary Stephen May sold 2,745 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $124.49, for a total transaction of $341,725.05. Following the completion of the sale, the director now owns 11,352 shares of the company’s stock, valued at approximately $1,413,210.48. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Hedge Funds Weigh In On Leidos

A number of hedge funds have recently modified their holdings of LDOS. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Leidos during the fourth quarter valued at approximately $28,000. Lindbrook Capital LLC raised its holdings in shares of Leidos by 209.0% during the 4th quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 186 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Leidos in the 4th quarter valued at $35,000. Itau Unibanco Holding S.A. bought a new stake in Leidos in the third quarter worth $30,000. Finally, Tidemark LLC acquired a new position in Leidos during the fourth quarter worth $41,000. 76.12% of the stock is owned by institutional investors and hedge funds.

About Leidos

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