Truist Financial Issues Pessimistic Forecast for Leidos (NYSE:LDOS) Stock Price

Leidos (NYSE:LDOS - Get Free Report) had its price objective lowered by research analysts at Truist Financial from $185.00 to $165.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the aerospace company's stock. Truist Financial's target price points to a potential upside of 24.79% from the company's previous close.

A number of other research firms also recently weighed in on LDOS. Cantor Fitzgerald started coverage on shares of Leidos in a research report on Friday, February 7th. They issued an "overweight" rating and a $185.00 price target for the company. TD Cowen downgraded Leidos from a "buy" rating to a "hold" rating and cut their target price for the company from $200.00 to $165.00 in a research report on Wednesday, January 8th. Barclays raised their price target on Leidos from $165.00 to $210.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Royal Bank of Canada upped their price objective on shares of Leidos from $145.00 to $180.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird raised their target price on shares of Leidos from $180.00 to $218.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Leidos currently has a consensus rating of "Moderate Buy" and a consensus target price of $176.27.

Leidos Stock Performance

Shares of NYSE:LDOS traded up $1.57 during trading on Wednesday, reaching $132.22. 1,752,327 shares of the stock were exchanged, compared to its average volume of 1,277,481. The firm has a market cap of $17.64 billion, a PE ratio of 15.06, a PEG ratio of 0.92 and a beta of 0.66. 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 $120.98 and a 12 month high of $202.90. The stock has a 50-day moving average price of $146.93 and a 200-day moving average price of $157.23.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, beating analysts' consensus estimates of $2.24 by $0.13. Leidos had a return on equity of 30.31% and a net margin of 7.37%. Research analysts expect that Leidos will post 10.03 EPS for the current fiscal year.

Insider Activity at Leidos

In related news, Director Noel B. Geer acquired 2,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was bought at an average cost of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value of $203,320.16. Following the completion of the sale, the director now owns 6,408 shares in the company, valued at $862,260.48. The trade was a 19.08 % decrease in their ownership of the stock. The disclosure for this sale 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 modified their holdings of LDOS. Vanguard Group Inc. raised its stake in Leidos by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 15,450,395 shares of the aerospace company's stock worth $2,225,784,000 after buying an additional 84,003 shares during the last quarter. State Street Corp raised its position in shares of Leidos by 1.0% in the 3rd quarter. State Street Corp now owns 5,800,357 shares of the aerospace company's stock worth $945,458,000 after acquiring an additional 56,066 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Leidos by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock valued at $571,216,000 after purchasing an additional 405,256 shares during the period. Geode Capital Management LLC boosted its position in shares of Leidos by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 3,393,313 shares of the aerospace company's stock valued at $487,649,000 after purchasing an additional 27,410 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Leidos by 35.0% during the fourth quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock worth $378,942,000 after purchasing an additional 682,532 shares during the period. Institutional investors and hedge funds own 76.12% of the company's stock.

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.