Leidos (NYSE:LDOS) Earns Neutral Rating from Analysts at UBS Group

Stock analysts at UBS Group assumed coverage on shares of Leidos (NYSE:LDOS) in a research note issued on Monday,Benzinga reports. The brokerage set a “neutral” rating and a $182.00 price target on the aerospace company’s stock. UBS Group’s target price suggests a potential upside of 10.04% from the stock’s previous close.

Several other equities research analysts have also recently commented on LDOS. The Goldman Sachs Group lifted their target price on Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada upped their target price on shares of Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. TD Cowen raised their price target on Leidos from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Wells Fargo & Company lowered their target price on Leidos from $230.00 to $205.00 and set an “overweight” rating for the company in a research note on Tuesday, November 26th. Finally, Barclays upped their price target on shares of Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $187.36.

Leidos Stock Performance

Leidos stock opened at $165.40 on Monday. The stock has a fifty day moving average price of $171.29 and a two-hundred day moving average price of $156.94. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. Leidos has a 52-week low of $105.52 and a 52-week high of $202.90. The firm has a market capitalization of $22.07 billion, a P/E ratio of 18.84, a P/E/G ratio of 1.11 and a beta of 0.68.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period in the prior year, the company earned $2.03 EPS. Leidos’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, analysts anticipate that Leidos will post 10.04 EPS for the current fiscal year.

Insider Transactions at Leidos

In other news, Director Surya N. Mohapatra sold 2,748 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total transaction of $535,777.56. Following the completion of the sale, the director now owns 20,001 shares in the company, valued at $3,899,594.97. The trade was a 12.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $184.94, for a total value of $193,632.18. Following the completion of the sale, the director now owns 6,408 shares of the company’s stock, valued at $1,185,095.52. This trade represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Leidos

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp increased its position in Leidos by 1.0% during the third quarter. State Street Corp now owns 5,800,357 shares of the aerospace company’s stock worth $945,458,000 after acquiring an additional 56,066 shares during the period. Geode Capital Management LLC grew its position in shares of Leidos by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,365,903 shares of the aerospace company’s stock worth $546,912,000 after purchasing an additional 42,358 shares in the last quarter. FMR LLC raised its position in shares of Leidos by 27.8% in the third quarter. FMR LLC now owns 2,405,726 shares of the aerospace company’s stock valued at $392,133,000 after buying an additional 522,764 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Leidos by 2.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,153,420 shares of the aerospace company’s stock valued at $351,007,000 after buying an additional 53,307 shares during the period. Finally, Millennium Management LLC grew its position in Leidos by 156.5% during the second quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company’s stock worth $165,356,000 after buying an additional 691,575 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.