Leidos (NYSE:LDOS) Lowered to "Neutral" Rating by The Goldman Sachs Group

Leidos (NYSE:LDOS - Get Free Report) was downgraded by The Goldman Sachs Group from a "buy" rating to a "neutral" rating in a research note issued on Thursday, MarketBeat Ratings reports. They currently have a $153.00 price target on the aerospace company's stock, down from their previous price target of $228.00. The Goldman Sachs Group's price objective suggests a potential upside of 0.01% from the stock's current price.

Other equities analysts have also recently issued research reports about the company. TD Cowen lifted their target price on Leidos from $175.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Barclays lifted their price objective on shares of Leidos from $165.00 to $210.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. Citigroup increased their target price on shares of Leidos from $194.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Truist Financial dropped their price target on shares of Leidos from $205.00 to $185.00 and set a "buy" rating for the company in a research note on Friday, November 22nd. Finally, UBS Group started coverage on shares of Leidos in a research report on Monday, December 2nd. They issued a "neutral" rating and a $182.00 price objective on the stock. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Leidos has a consensus rating of "Moderate Buy" and a consensus target price of $182.00.

Leidos Price Performance

Shares of Leidos stock traded down $0.57 on Thursday, hitting $152.98. 1,812,667 shares of the company traded hands, compared to its average volume of 950,442. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. The business has a 50-day simple moving average of $171.43 and a 200 day simple moving average of $157.57. Leidos has a 52 week low of $105.52 and a 52 week high of $202.90. The stock has a market capitalization of $20.41 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 1.10 and a beta of 0.64.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same quarter last year, the business posted $2.03 earnings per share. The business's quarterly revenue was up 6.9% compared to the same quarter last year. Research analysts expect that Leidos will post 10.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Leidos news, Director Noel B. Geer acquired 2,000 shares of Leidos stock in a transaction that occurred on Wednesday, November 20th. The stock was bought 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 approximately $322,260. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Surya N. Mohapatra sold 2,748 shares of the company's 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 sale, the director now owns 20,001 shares of the company's stock, valued at approximately $3,899,594.97. This represents a 12.08 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Leidos

A number of hedge funds have recently made changes to their positions in the stock. CWM LLC lifted its position in Leidos by 8.4% during the second quarter. CWM LLC now owns 2,311 shares of the aerospace company's stock valued at $337,000 after acquiring an additional 180 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Leidos in the 2nd quarter worth $217,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Leidos by 37.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 36,134 shares of the aerospace company's stock worth $5,271,000 after purchasing an additional 9,903 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Leidos by 4.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 37,340 shares of the aerospace company's stock worth $5,447,000 after buying an additional 1,624 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Leidos by 6.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,348 shares of the aerospace company's stock valued at $634,000 after buying an additional 265 shares in the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

About Leidos

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.