Leidos (NYSE:LDOS) Cut to “Hold” at ValuEngine

ValuEngine downgraded shares of Leidos (NYSE:LDOS) from a buy rating to a hold rating in a research note released on Thursday, ValuEngine reports.

Other analysts have also issued research reports about the stock. Credit Suisse Group raised their price target on shares of Leidos from $82.00 to $88.00 and gave the company an outperform rating in a research report on Wednesday, May 15th. Wells Fargo & Co raised their price target on shares of Leidos from $80.00 to $85.00 and gave the company a positive rating in a research report on Wednesday, May 15th. Goldman Sachs Group restated a neutral rating and set a $75.00 price target on shares of Leidos in a research report on Thursday, May 9th. Zacks Investment Research lowered shares of Leidos from a buy rating to a hold rating and set a $85.00 price target on the stock. in a research report on Tuesday, July 2nd. Finally, SunTrust Banks increased their price objective on shares of Leidos to $95.00 and gave the company a buy rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Buy and an average price target of $82.00.

LDOS stock traded down $1.55 during midday trading on Thursday, hitting $81.86. 3,358,151 shares of the stock traded hands, compared to its average volume of 877,360. The firm has a market capitalization of $12.00 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 2.38 and a beta of 1.56. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.23 and a current ratio of 1.30. The company’s fifty day moving average is $80.72. Leidos has a 1-year low of $50.33 and a 1-year high of $85.47.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.06. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.64 billion. Leidos had a net margin of 6.27% and a return on equity of 20.11%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business earned $1.12 earnings per share. Sell-side analysts anticipate that Leidos will post 4.68 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.66%. This is an increase from Leidos’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, September 13th. Leidos’s dividend payout ratio (DPR) is presently 29.22%.

A number of institutional investors and hedge funds have recently bought and sold shares of LDOS. Dimensional Fund Advisors LP lifted its holdings in shares of Leidos by 6.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,648,007 shares of the aerospace company’s stock worth $86,883,000 after acquiring an additional 101,437 shares during the period. Advisory Services Network LLC lifted its holdings in shares of Leidos by 163.6% during the 4th quarter. Advisory Services Network LLC now owns 2,407 shares of the aerospace company’s stock worth $126,000 after acquiring an additional 1,494 shares during the period. Norges Bank purchased a new position in shares of Leidos during the 4th quarter worth about $78,454,000. Geode Capital Management LLC lifted its holdings in shares of Leidos by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 1,449,617 shares of the aerospace company’s stock worth $76,375,000 after acquiring an additional 71,807 shares during the period. Finally, American Century Companies Inc. purchased a new position in shares of Leidos during the 4th quarter worth about $2,369,000. 74.71% of the stock is currently owned by institutional investors and hedge funds.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Leidos (NYSE:LDOS)

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