SunTrust Banks Increases Leidos (NYSE:LDOS) Price Target to $95.00

Leidos (NYSE:LDOS) had its price target increased by investment analysts at SunTrust Banks to $95.00 in a note issued to investors on Wednesday, The Fly reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. SunTrust Banks’ price objective suggests a potential upside of 17.44% from the stock’s previous close. SunTrust Banks also issued estimates for Leidos’ Q3 2019 earnings at $1.12 EPS, FY2019 earnings at $4.66 EPS, Q2 2020 earnings at $1.38 EPS, Q3 2020 earnings at $1.31 EPS and Q4 2020 earnings at $1.32 EPS.

LDOS has been the subject of several other research reports. Wells Fargo & Co lifted their price objective on Leidos from $80.00 to $85.00 and gave the company a “positive” rating in a research note on Wednesday, May 15th. Goldman Sachs Group restated a “neutral” rating and set a $75.00 target price on shares of Leidos in a research note on Thursday, May 9th. Cowen restated a “buy” rating and set a $77.00 target price on shares of Leidos in a research note on Tuesday, April 30th. Morgan Stanley started coverage on Leidos in a research note on Monday, June 3rd. They set an “equal weight” rating and a $75.00 target price for the company. Finally, Zacks Investment Research cut Leidos from a “buy” rating to a “hold” rating and set a $85.00 target price for the company. in a research note on Tuesday, July 2nd. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $82.00.

Shares of LDOS traded down $2.52 during midday trading on Wednesday, hitting $80.89. The company had a trading volume of 58,922 shares, compared to its average volume of 740,677. The company has a 50-day moving average price of $80.66. The company has a quick ratio of 1.23, a current ratio of 1.30 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $12.03 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 2.44 and a beta of 1.56. Leidos has a 1 year low of $50.33 and a 1 year high of $85.47.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.06. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Leidos had a return on equity of 19.16% and a net margin of 6.27%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.12 EPS. On average, analysts anticipate that Leidos will post 4.67 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC increased its position in Leidos by 66.0% during the second quarter. CWM LLC now owns 332 shares of the aerospace company’s stock worth $27,000 after buying an additional 132 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in Leidos during the second quarter worth approximately $27,000. Somerset Trust Co increased its position in 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. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Leidos during the first quarter worth approximately $32,000. Finally, Legacy Advisors LLC acquired a new position in Leidos during the first quarter worth approximately $37,000. 74.71% of the stock is currently owned by institutional investors.

About Leidos

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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