Leonardo DRS (NASDAQ:DRS) Given New $40.00 Price Target at Robert W. Baird

Leonardo DRS (NASDAQ:DRS) had its price objective raised by Robert W. Baird from $30.00 to $40.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have an outperform rating on the stock.

Other equities analysts have also issued reports about the stock. Bank of America lowered shares of Leonardo DRS from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $26.00 to $30.00 in a report on Tuesday, September 24th. BTIG Research raised their price target on shares of Leonardo DRS from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Truist Financial lifted their price target on shares of Leonardo DRS from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.83.

Leonardo DRS Stock Performance

Shares of DRS traded up $1.08 during trading hours on Thursday, hitting $31.15. The stock had a trading volume of 162,961 shares, compared to its average volume of 619,527. Leonardo DRS has a 12 month low of $17.97 and a 12 month high of $33.29. The stock has a fifty day moving average price of $28.44 and a 200 day moving average price of $26.16. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.01 and a quick ratio of 1.60. The firm has a market capitalization of $8.21 billion, a PE ratio of 40.64, a PEG ratio of 2.05 and a beta of 0.96.

Leonardo DRS (NASDAQ:DRS) last released its earnings results on Wednesday, October 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.04. Leonardo DRS had a return on equity of 9.82% and a net margin of 6.23%. The firm had revenue of $812.00 million during the quarter, compared to analysts’ expectations of $775.44 million. During the same quarter last year, the business posted $0.20 earnings per share. The firm’s revenue was up 15.5% on a year-over-year basis. Analysts anticipate that Leonardo DRS will post 0.86 EPS for the current year.

Institutional Investors Weigh In On Leonardo DRS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DRS. Blair William & Co. IL boosted its stake in Leonardo DRS by 1.1% during the second quarter. Blair William & Co. IL now owns 36,850 shares of the company’s stock worth $940,000 after buying an additional 400 shares in the last quarter. Arizona State Retirement System grew its holdings in Leonardo DRS by 2.0% during the second quarter. Arizona State Retirement System now owns 22,056 shares of the company’s stock valued at $563,000 after purchasing an additional 424 shares during the period. New York State Teachers Retirement System raised its position in shares of Leonardo DRS by 6.9% during the third quarter. New York State Teachers Retirement System now owns 6,722 shares of the company’s stock worth $190,000 after purchasing an additional 432 shares during the period. Comerica Bank raised its holdings in shares of Leonardo DRS by 23.7% during the first quarter. Comerica Bank now owns 2,750 shares of the company’s stock worth $61,000 after acquiring an additional 527 shares during the period. Finally, Stephens Inc. AR lifted its stake in Leonardo DRS by 7.7% in the 3rd quarter. Stephens Inc. AR now owns 12,656 shares of the company’s stock valued at $357,000 after acquiring an additional 907 shares in 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.