#5 - Leidos Holdings (NYSE:LDOS)
Leidos Holdings Inc. (NYSE: LDOS) is another defense stock with a significant presence in the space economy. However, one reason investors may want to consider Leidos in 2024 is the company’s $738 million contract to provide cybersecurity and IT support for the U.S. Air Force.
LDOS stock is up 35% so far in 2024 and up 69% in the last 12 months. It’s trading at the top of its 52-week range, and the stock has generated a total return of over 100% in the last five years. The most impressive part of that growth is that it comes with a dividend yielding around 1%.
That’s to say, if you’re looking at LDOS stock as a trade, you’ll want to wait for a pullback. That could change, however, when the company reports earnings on July 30, 2024. Since its previous earnings report in April, four analysts have increased their price targets to levels significantly above the stock’s consensus price of $146.08.
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.
Read More - Current Price
- $166.62
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 10 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $164.83 (1.1% Downside)
