Leidos (NYSE:LDOS) Price Target Increased to $165.00 by Analysts at JPMorgan Chase & Co.

Leidos (NYSE:LDOS) had its price objective lifted by investment analysts at JPMorgan Chase & Co. from $135.00 to $165.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 11.66% from the stock’s previous close.

LDOS has been the topic of a number of other reports. Barclays lifted their price objective on shares of Leidos from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. Wells Fargo & Company lifted their price objective on shares of Leidos from $137.00 to $147.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. StockNews.com upgraded shares of Leidos from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 4th. Royal Bank of Canada lifted their price objective on shares of Leidos from $120.00 to $140.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 1st. Finally, Robert W. Baird lifted their price objective on shares of Leidos from $145.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Leidos currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.83.

Leidos Stock Up 1.9 %

LDOS stock traded up $2.72 during midday trading on Wednesday, reaching $147.77. 408,444 shares of the company were exchanged, compared to its average volume of 873,337. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.24 and a current ratio of 1.35. Leidos has a 1-year low of $88.05 and a 1-year high of $151.32. The stock’s 50-day simple moving average is $146.05 and its 200 day simple moving average is $129.62. The company has a market cap of $19.98 billion, a price-to-earnings ratio of 63.58, a price-to-earnings-growth ratio of 1.50 and a beta of 0.68.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, April 30th. The aerospace company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.59. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Leidos had a net margin of 2.04% and a return on equity of 25.66%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.47 EPS. On average, equities analysts forecast that Leidos will post 8.75 earnings per share for the current year.

Insider Buying and Selling at Leidos

In other Leidos news, insider Roy E. Stevens sold 875 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $150.67, for a total value of $131,836.25. Following the transaction, the insider now directly owns 44,149 shares in the company, valued at approximately $6,651,929.83. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.96% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LDOS. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of Leidos during the 4th quarter worth about $28,000. Lindbrook Capital LLC lifted 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 worth $30,000 after acquiring an additional 186 shares during the period. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Leidos during the 4th quarter worth about $35,000. Tidemark LLC purchased a new position in shares of Leidos during the 4th quarter worth about $41,000. Finally, Friedenthal Financial purchased a new position in shares of Leidos during the 4th quarter worth about $43,000. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

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.