Leonardo DRS (NASDAQ:DRS) PT Raised to $32.00 at Truist Financial

Leonardo DRS (NASDAQ:DRS) had its price target upped by Truist Financial from $30.00 to $32.00 in a research report released on Wednesday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other research firms also recently weighed in on DRS. Robert W. Baird raised their price target on Leonardo DRS from $26.00 to $30.00 and gave the company an outperform rating in a research report on Wednesday. Morgan Stanley began coverage on Leonardo DRS in a research report on Friday, May 24th. They set an equal weight rating and a $26.00 price target on the stock. Finally, BTIG Research began coverage on Leonardo DRS in a report on Wednesday, June 26th. They issued a buy rating and a $30.00 price objective on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $28.50.

Leonardo DRS Trading Down 4.4 %

NASDAQ DRS opened at $26.51 on Wednesday. The stock’s 50-day simple moving average is $25.94 and its two-hundred day simple moving average is $23.00. Leonardo DRS has a twelve month low of $15.75 and a twelve month high of $29.85. The company has a quick ratio of 1.59, a current ratio of 2.01 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 37.87, a PEG ratio of 2.01 and a beta of 0.89.

Leonardo DRS (NASDAQ:DRS) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. Leonardo DRS had a return on equity of 9.48% and a net margin of 6.12%. The business had revenue of $753.00 million for the quarter, compared to the consensus estimate of $680.38 million. During the same quarter last year, the business posted $0.15 earnings per share. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. Research analysts forecast that Leonardo DRS will post 0.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DRS. Comerica Bank grew its stake in shares of Leonardo DRS by 23.7% in the first quarter. Comerica Bank now owns 2,750 shares of the company’s stock worth $61,000 after purchasing an additional 527 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Leonardo DRS by 8.5% in the first quarter. ProShare Advisors LLC now owns 12,346 shares of the company’s stock worth $273,000 after purchasing an additional 972 shares during the last quarter. EntryPoint Capital LLC grew its stake in shares of Leonardo DRS by 165.8% in the first quarter. EntryPoint Capital LLC now owns 1,656 shares of the company’s stock worth $37,000 after purchasing an additional 1,033 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Leonardo DRS by 1,325.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,155 shares of the company’s stock worth $29,000 after purchasing an additional 1,074 shares during the last quarter. Finally, Tower View Wealth Management LLC grew its stake in shares of Leonardo DRS by 1.2% in the fourth quarter. Tower View Wealth Management LLC now owns 100,545 shares of the company’s stock worth $2,015,000 after purchasing an additional 1,201 shares during the last quarter. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Leonardo DRS Company Profile

Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.