Truist Financial Lowers Leidos (NYSE:LDOS) Price Target to $185.00

Leidos (NYSE:LDOS - Get Free Report) had its price objective reduced by equities researchers at Truist Financial from $205.00 to $185.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the aerospace company's stock. Truist Financial's target price points to a potential upside of 11.35% from the stock's previous close.

Other research analysts have also issued research reports about the company. TD Cowen raised their price objective on Leidos from $175.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on Leidos from $175.00 to $185.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Barclays lifted their price target on shares of Leidos from $165.00 to $210.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Citigroup boosted their price objective on Leidos from $194.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Finally, Robert W. Baird increased their target price on shares of Leidos from $180.00 to $218.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Two investment 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 stock. According to MarketBeat.com, Leidos has an average rating of "Moderate Buy" and an average price target of $189.69.

Leidos Trading Up 0.9 %

Leidos stock opened at $166.15 on Friday. Leidos has a 52 week low of $105.52 and a 52 week high of $202.90. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $22.17 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 1.06 and a beta of 0.68. The stock has a 50-day moving average price of $170.16 and a 200 day moving average price of $155.99.

Leidos (NYSE:LDOS - Get Free Report) last posted its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.97. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The firm had revenue of $4.19 billion during the quarter, compared to analysts' expectations of $4.06 billion. During the same period in the previous year, the business posted $2.03 EPS. The business's revenue was up 6.9% compared to the same quarter last year. Sell-side analysts anticipate that Leidos will post 10.07 EPS for the current year.

Insider Buying and Selling

In related news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the business's 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 completion of the sale, the director now owns 6,408 shares of the company's stock, valued at approximately $1,185,095.52. The trade was a 14.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Surya N. Mohapatra sold 2,748 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $194.97, for a total value of $535,777.56. Following the transaction, the director now directly owns 20,001 shares in the company, 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 owned by company insiders.

Institutional Investors Weigh In On Leidos

Institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC raised its stake in shares of Leidos by 156.5% during the second quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company's stock worth $165,356,000 after buying an additional 691,575 shares during the last quarter. FMR LLC lifted its position in shares of Leidos by 27.8% in the third quarter. FMR LLC now owns 2,405,726 shares of the aerospace company's stock worth $392,133,000 after purchasing an additional 522,764 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Leidos by 1,184.3% during the 2nd quarter. Wedge Capital Management L L P NC now owns 501,868 shares of the aerospace company's stock worth $73,213,000 after buying an additional 462,792 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Leidos by 24,194.3% during the 3rd quarter. International Assets Investment Management LLC now owns 377,047 shares of the aerospace company's stock worth $61,459,000 after purchasing an additional 375,495 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Leidos by 76.9% during the second quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company's stock worth $101,942,000 after acquiring an additional 303,775 shares in the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

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.

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