Leonardo DRS, Inc. (NASDAQ:DRS) Given Consensus Recommendation of "Moderate Buy" by Analysts

Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) has received an average recommendation of "Moderate Buy" from the six analysts that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $32.17.

DRS has been the topic of several research reports. Bank of America lowered Leonardo DRS from a "buy" rating to a "neutral" rating and lifted their price target for the company from $26.00 to $30.00 in a research report on Tuesday, September 24th. BTIG Research upped their target price on shares of Leonardo DRS from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Robert W. Baird lifted their price target on shares of Leonardo DRS from $30.00 to $40.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. Truist Financial boosted their price objective on shares of Leonardo DRS from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. raised their target price on shares of Leonardo DRS from $29.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday.

Leonardo DRS Trading Up 3.3 %

Shares of NASDAQ:DRS traded up $1.16 during midday trading on Friday, hitting $36.59. 894,104 shares of the stock traded hands, compared to its average volume of 629,537. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.14. The business's 50 day moving average is $28.95 and its two-hundred day moving average is $26.58. The stock has a market capitalization of $9.67 billion, a PE ratio of 49.45, a P/E/G ratio of 2.19 and a beta of 0.95. Leonardo DRS has a one year low of $17.97 and a one year high of $36.92.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.04. Leonardo DRS had a return on equity of 9.71% and a net margin of 6.23%. The company had revenue of $812.00 million during the quarter, compared to the consensus estimate of $775.44 million. During the same quarter in the prior year, the company earned $0.20 earnings per share. The firm's revenue for the quarter was up 15.5% on a year-over-year basis. As a group, research analysts forecast that Leonardo DRS will post 0.9 earnings per share for the current year.

Hedge Funds Weigh In On Leonardo DRS

Several institutional investors have recently made changes to their positions in DRS. Blair William & Co. IL grew its holdings in Leonardo DRS by 1.1% during the second quarter. Blair William & Co. IL now owns 36,850 shares of the company's stock valued at $940,000 after purchasing an additional 400 shares during the period. Arizona State Retirement System grew its stake in shares of Leonardo DRS by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 22,056 shares of the company's stock valued at $563,000 after acquiring an additional 424 shares during the period. New York State Teachers Retirement System increased its holdings in Leonardo DRS by 6.9% in the 3rd quarter. New York State Teachers Retirement System now owns 6,722 shares of the company's stock worth $190,000 after acquiring an additional 432 shares in the last quarter. Comerica Bank raised its stake in Leonardo DRS by 23.7% during the 1st quarter. Comerica Bank now owns 2,750 shares of the company's stock worth $61,000 after acquiring an additional 527 shares during the period. Finally, Verdence Capital Advisors LLC lifted its holdings in Leonardo DRS by 7.1% during the third quarter. Verdence Capital Advisors LLC now owns 8,942 shares of the company's stock valued at $252,000 after purchasing an additional 589 shares in the last quarter. Institutional investors own 18.76% of the company's stock.

About Leonardo DRS

Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.