Leidos Holdings, Inc. (NYSE:LDOS) Given Average Recommendation of “Buy” by Analysts

Shares of Leidos Holdings, Inc. (NYSE:LDOS) have been assigned a consensus recommendation of “Buy” from the ten ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $114.00.

Several brokerages have recently issued reports on LDOS. Wells Fargo & Company cut their target price on shares of Leidos from $116.00 to $113.00 and set an “overweight” rating on the stock in a report on Wednesday, November 3rd. Cowen restated a “buy” rating and issued a $119.00 target price on shares of Leidos in a report on Friday, October 8th.

Several institutional investors and hedge funds have recently bought and sold shares of LDOS. Resources Management Corp CT ADV raised its position in shares of Leidos by 55.6% in the 3rd quarter. Resources Management Corp CT ADV now owns 350 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 125 shares during the last quarter. Koshinski Asset Management Inc. bought a new stake in Leidos in the 3rd quarter worth about $37,000. Twin Tree Management LP bought a new stake in Leidos in the 2nd quarter worth about $52,000. Fifth Third Bancorp increased its holdings in Leidos by 73.4% in the 3rd quarter. Fifth Third Bancorp now owns 704 shares of the aerospace company’s stock worth $68,000 after buying an additional 298 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Leidos by 33.3% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 800 shares of the aerospace company’s stock worth $77,000 after buying an additional 200 shares in the last quarter. 78.16% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE LDOS opened at $94.07 on Friday. Leidos has a one year low of $82.75 and a one year high of $113.75. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.07 and a quick ratio of 0.99. The firm’s 50 day simple moving average is $90.40 and its two-hundred day simple moving average is $96.13. The stock has a market capitalization of $13.20 billion, a P/E ratio of 17.42, a PEG ratio of 1.48 and a beta of 0.84.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, November 2nd. The aerospace company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.20. Leidos had a net margin of 5.75% and a return on equity of 23.71%. The business had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same period last year, the business earned $1.47 earnings per share. As a group, equities analysts expect that Leidos will post 6.63 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 30th. Investors of record on Wednesday, December 15th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Tuesday, December 14th. Leidos’s payout ratio is 26.67%.

Leidos Company Profile

Leidos Holdings, Inc is a holding company, which engages in the provision of scientific, engineering and information technology services and solutions in the areas of defense, intelligence, civil and health markets. It operates through the following three segments: Defense Solutions, Civil, and Health.

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Analyst Recommendations for Leidos (NYSE:LDOS)

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