Barclays Issues Positive Forecast for Leidos (NYSE:LDOS) Stock Price

Leidos (NYSE:LDOS - Get Free Report) had its price target lifted by research analysts at Barclays from $165.00 to $210.00 in a research note issued on Monday, Benzinga reports. The firm currently has an "overweight" rating on the aerospace company's stock. Barclays's target price points to a potential upside of 12.71% from the company's current price.

A number of other research firms have also recently commented on LDOS. Royal Bank of Canada upped their price target on Leidos from $145.00 to $180.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 30th. Truist Financial lifted their target price on Leidos from $175.00 to $205.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. TD Cowen raised their price objective on shares of Leidos from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Robert W. Baird upped their target price on shares of Leidos from $180.00 to $218.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Finally, Bank of America raised their price target on shares of Leidos from $160.00 to $165.00 and gave the company a "buy" rating in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $191.23.

Leidos Price Performance

NYSE LDOS traded up $3.35 during trading hours on Monday, hitting $186.32. 1,006,822 shares of the company's stock traded hands, compared to its average volume of 857,536. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.11. The firm's 50-day moving average is $163.05 and its 200-day moving average is $151.56. Leidos has a 52-week low of $102.21 and a 52-week high of $188.36. The company has a market capitalization of $24.86 billion, a PE ratio of 21.14, a PEG ratio of 1.45 and a beta of 0.68.

Leidos (NYSE:LDOS - Get Free Report) last posted its quarterly 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 business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The company's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.03 EPS. Equities analysts forecast that Leidos will post 10.07 EPS for the current fiscal year.

Insider Activity at Leidos

In related news, Director Gary Stephen May sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total value of $144,020.00. Following the completion of the transaction, the director now directly owns 11,264 shares of the company's stock, valued at $1,622,241.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Gary Stephen May sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the sale, the director now directly owns 11,264 shares in the company, valued at $1,622,241.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total value of $193,632.18. Following the transaction, the director now owns 6,408 shares of the company's stock, valued at $1,185,095.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company's stock.

Institutional Investors Weigh In On Leidos

Several hedge funds have recently made changes to their positions in LDOS. Ashton Thomas Securities LLC acquired a new stake in shares of Leidos in the third quarter worth approximately $29,000. Los Angeles Capital Management LLC boosted its holdings in shares of Leidos by 21.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 55,165 shares of the aerospace company's stock valued at $8,992,000 after purchasing an additional 9,710 shares during the last quarter. Atria Investments Inc grew its stake in shares of Leidos by 100.1% during the 3rd quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company's stock valued at $1,440,000 after buying an additional 4,421 shares during the period. Acorn Financial Advisory Services Inc. ADV acquired a new stake in shares of Leidos during the 3rd quarter worth $228,000. Finally, Fiera Capital Corp acquired a new position in Leidos in the third quarter valued at $525,000. Institutional investors and hedge funds own 76.12% of the company's stock.

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.