Leidos (NYSE:LDOS) Price Target Increased to $194.00 by Analysts at Citigroup

Leidos (NYSE:LDOS) had its price objective boosted by Citigroup from $169.00 to $194.00 in a research note issued to investors on Thursday morning, Benzinga reports. Citigroup currently has a buy rating on the aerospace company’s stock.

A number of other research analysts have also recently weighed in on LDOS. Barclays lifted their price target on shares of Leidos from $160.00 to $165.00 and gave the company an overweight rating in a research report on Monday, August 5th. TD Cowen upped their price target on shares of Leidos from $155.00 to $166.00 and gave the stock a buy rating in a research report on Wednesday, July 31st. Royal Bank of Canada raised their price objective on Leidos from $140.00 to $145.00 and gave the company a sector perform rating in a research report on Wednesday, July 31st. Wells Fargo & Company upped their target price on Leidos from $172.00 to $183.00 and gave the stock an overweight rating in a research report on Tuesday, October 1st. Finally, Stifel Nicolaus boosted their price target on Leidos from $160.00 to $165.00 and gave the stock a buy rating in a research report on Monday, June 24th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $166.92.

Leidos Trading Up 0.8 %

NYSE:LDOS traded up $1.35 during trading hours on Thursday, reaching $165.90. 16,062 shares of the company were exchanged, compared to its average volume of 856,254. Leidos has a 52-week low of $90.30 and a 52-week high of $168.02. The stock has a 50 day simple moving average of $154.55 and a 200 day simple moving average of $146.17. The firm has a market cap of $22.35 billion, a price-to-earnings ratio of 51.58, a PEG ratio of 1.50 and a beta of 0.70. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.11.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.36. The firm had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.80 earnings per share. As a group, analysts predict that Leidos will post 8.95 EPS for the current year.

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Friday, September 13th. Leidos’s payout ratio is currently 47.65%.

Insider Activity

In other news, CEO Thomas Arthur Bell bought 1,712 shares of Leidos stock in a transaction on Thursday, August 1st. The shares were bought at an average price of $145.04 per share, with a total value of $248,308.48. Following the acquisition, the chief executive officer now directly owns 22,398 shares in the company, valued at approximately $3,248,605.92. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $145.23, for a total transaction of $153,798.57. Following the sale, the director now owns 7,455 shares in the company, valued at $1,082,689.65. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas Arthur Bell bought 1,712 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was bought at an average price of $145.04 per share, with a total value of $248,308.48. Following the completion of the purchase, the chief executive officer now owns 22,398 shares of the company’s stock, valued at $3,248,605.92. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Key Financial Inc boosted its holdings in shares of Leidos by 6.5% during the second quarter. Key Financial Inc now owns 1,141 shares of the aerospace company’s stock valued at $166,000 after acquiring an additional 70 shares during the period. Bleakley Financial Group LLC boosted its stake in Leidos by 2.9% during the 1st quarter. Bleakley Financial Group LLC now owns 2,671 shares of the aerospace company’s stock valued at $350,000 after purchasing an additional 76 shares during the period. Somerset Trust Co grew its position in Leidos by 3.5% in the 3rd quarter. Somerset Trust Co now owns 2,429 shares of the aerospace company’s stock worth $396,000 after purchasing an additional 83 shares during the last quarter. Apella Capital LLC boosted its position in shares of Leidos by 0.8% during the third quarter. Apella Capital LLC now owns 11,366 shares of the aerospace company’s stock worth $1,878,000 after buying an additional 89 shares during the period. Finally, Fulton Bank N.A. grew its holdings in Leidos by 3.2% in the 3rd quarter. Fulton Bank N.A. now owns 3,358 shares of the aerospace company’s stock worth $547,000 after buying an additional 105 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

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.