Leonardo DRS, Inc. (NASDAQ:DRS) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) have been given an average rating of "Moderate Buy" by the six analysts that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $29.17.

A number of equities analysts have commented on the stock. Bank of America lowered shares of Leonardo DRS from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $26.00 to $30.00 in a report on Tuesday, September 24th. BTIG Research boosted their price objective on shares of Leonardo DRS from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. 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 report on Wednesday, July 31st. Finally, Robert W. Baird upped their target price on shares of Leonardo DRS from $26.00 to $30.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st.

Institutional Investors Weigh In On Leonardo DRS

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Leonardo DRS by 50.8% during the fourth quarter. Vanguard Group Inc. now owns 7,389,350 shares of the company's stock worth $148,083,000 after acquiring an additional 2,490,447 shares during the period. Swiss National Bank grew its position in Leonardo DRS by 50.5% in the 1st quarter. Swiss National Bank now owns 155,300 shares of the company's stock worth $3,431,000 after purchasing an additional 52,100 shares during the last quarter. California State Teachers Retirement System grew its position in Leonardo DRS by 33.9% in the 1st quarter. California State Teachers Retirement System now owns 77,704 shares of the company's stock worth $1,716,000 after purchasing an additional 19,673 shares during the last quarter. Cannon Global Investment Management LLC bought a new position in Leonardo DRS in the 1st quarter worth about $725,000. Finally, Price T Rowe Associates Inc. MD grew its position in Leonardo DRS by 15.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,180,347 shares of the company's stock worth $48,165,000 after purchasing an additional 290,188 shares during the last quarter. Institutional investors and hedge funds own 18.76% of the company's stock.

Leonardo DRS Stock Down 2.2 %

Leonardo DRS stock traded down $0.64 during trading on Monday, reaching $28.54. 589,671 shares of the company's stock were exchanged, compared to its average volume of 619,239. The company's 50-day moving average is $28.09 and its two-hundred day moving average is $25.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.60 and a current ratio of 2.01. Leonardo DRS has a 52-week low of $17.97 and a 52-week high of $30.98. The firm has a market cap of $7.51 billion, a price-to-earnings ratio of 40.76, a PEG ratio of 1.99 and a beta of 0.96.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.04. Leonardo DRS had a net margin of 6.12% and a return on equity of 9.48%. The firm had revenue of $753.00 million during the quarter, compared to analysts' expectations of $680.38 million. During the same period in the prior year, the company earned $0.15 EPS. The firm's revenue was up 19.9% on a year-over-year basis. On average, analysts predict that Leonardo DRS will post 0.86 earnings per share for the current year.

Leonardo DRS Company Profile

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.