Leidos (NYSE:LDOS) Price Target Lowered to $199.00 at Wells Fargo & Company

Leidos (NYSE:LDOS - Get Free Report) had its price target dropped by analysts at Wells Fargo & Company from $205.00 to $199.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the aerospace company's stock. Wells Fargo & Company's target price indicates a potential upside of 36.54% from the stock's current price.

LDOS has been the subject of several other reports. Citigroup upped their price objective on Leidos from $194.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. TD Cowen cut Leidos from a "buy" rating to a "hold" rating and dropped their price target for the company from $200.00 to $165.00 in a research report on Wednesday. JPMorgan Chase & Co. increased their price target on shares of Leidos from $175.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. Barclays lifted their price target on Leidos from $165.00 to $210.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group downgraded shares of Leidos from a "buy" rating to a "neutral" rating and cut their price target for the company from $228.00 to $153.00 in a report on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $179.07.

Leidos Stock Down 1.1 %

LDOS traded down $1.55 during trading hours on Wednesday, hitting $145.75. 1,314,832 shares of the company's stock were exchanged, compared to its average volume of 1,119,486. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. Leidos has a 12-month low of $107.73 and a 12-month high of $202.90. The firm has a market cap of $19.45 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 1.04 and a beta of 0.66. The firm has a 50 day moving average of $163.06 and a 200 day moving average of $157.84.

Leidos (NYSE:LDOS - Get Free Report) last released its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, topping the consensus estimate of $1.96 by $0.97. The firm had revenue of $4.19 billion during the quarter, compared to analysts' expectations of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. Leidos's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.03 EPS. Analysts predict that Leidos will post 9.89 EPS for the current fiscal year.

Insider Buying and Selling at Leidos

In related news, Director Surya N. Mohapatra sold 2,748 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total value of $535,777.56. Following the transaction, the director now directly owns 20,001 shares of the company's stock, valued at approximately $3,899,594.97. This trade represents a 12.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Noel B. Geer purchased 2,000 shares of the company's stock in a transaction on Wednesday, November 20th. The shares were purchased at an average price of $161.13 per share, with a total value of $322,260.00. Following the completion of the purchase, the director now directly owns 2,000 shares of the company's stock, valued at $322,260. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.96% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Savant Capital LLC lifted its holdings in shares of Leidos by 55.7% during the 2nd quarter. Savant Capital LLC now owns 5,744 shares of the aerospace company's stock valued at $838,000 after acquiring an additional 2,054 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Leidos during the second quarter worth about $126,000. Caprock Group LLC purchased a new stake in shares of Leidos in the second quarter worth about $413,000. Ballentine Partners LLC grew its stake in shares of Leidos by 7.3% in the second quarter. Ballentine Partners LLC now owns 1,760 shares of the aerospace company's stock valued at $257,000 after buying an additional 120 shares in the last quarter. Finally, Choreo LLC raised its holdings in shares of Leidos by 13.8% during the 2nd quarter. Choreo LLC now owns 3,116 shares of the aerospace company's stock valued at $454,000 after buying an additional 378 shares during the period. 76.12% of the stock is owned by institutional investors and hedge funds.

Leidos Company Profile

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