Leidos (LDOS) PT Raised to $85.00 at Wells Fargo & Co

Leidos (NYSE:LDOS) had its price objective hoisted by Wells Fargo & Co from $80.00 to $85.00 in a research note published on Wednesday, The Fly reports. The firm currently has a positive rating on the aerospace company’s stock.

A number of other research firms also recently commented on LDOS. ValuEngine upgraded Leidos from a hold rating to a buy rating in a report on Thursday, May 9th. Goldman Sachs Group restated a neutral rating and issued a $75.00 price target on shares of Leidos in a report on Thursday, May 9th. Cowen restated a buy rating and issued a $77.00 price target on shares of Leidos in a report on Tuesday, April 30th. Drexel Hamilton restated a buy rating and issued a $75.00 price target on shares of Leidos in a report on Friday, February 22nd. Finally, Zacks Investment Research upgraded Leidos from a sell rating to a hold rating in a report on Monday, February 11th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Leidos presently has a consensus rating of Buy and a consensus target price of $79.71.

NYSE LDOS opened at $75.99 on Wednesday. The stock has a market capitalization of $10.96 billion, a P/E ratio of 17.35, a P/E/G ratio of 1.89 and a beta of 1.74. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.90. Leidos has a 12 month low of $50.33 and a 12 month high of $76.75.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, April 30th. The aerospace company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.13. The business had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.49 billion. Leidos had a return on equity of 20.08% and a net margin of 6.47%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 earnings per share. On average, equities research analysts predict that Leidos will post 4.58 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.28 annualized dividend and a dividend yield of 1.68%. Leidos’s dividend payout ratio (DPR) is currently 29.22%.

Several institutional investors have recently made changes to their positions in the business. Cetera Advisor Networks LLC increased its holdings in shares of Leidos by 0.8% in the first quarter. Cetera Advisor Networks LLC now owns 18,216 shares of the aerospace company’s stock worth $1,169,000 after acquiring an additional 151 shares in the last quarter. Proffitt & Goodson Inc. boosted its position in shares of Leidos by 0.7% during the first quarter. Proffitt & Goodson Inc. now owns 26,428 shares of the aerospace company’s stock worth $1,694,000 after buying an additional 177 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Leidos by 1.6% during the first quarter. State of Alaska Department of Revenue now owns 15,226 shares of the aerospace company’s stock worth $975,000 after buying an additional 233 shares during the period. Somerset Trust Co boosted its position in shares of Leidos by 150.6% during the first quarter. Somerset Trust Co now owns 436 shares of the aerospace company’s stock worth $28,000 after buying an additional 262 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in shares of Leidos by 6.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 5,250 shares of the aerospace company’s stock worth $277,000 after buying an additional 300 shares during the period. Institutional investors own 76.72% of the company’s stock.

Leidos Company Profile

Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

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