Leidos (NYSE:LDOS) PT Raised to $145.00 at Bank of America

Leidos (NYSE:LDOS) had its price target raised by Bank of America from $125.00 to $145.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. Bank of America‘s price target suggests a potential upside of 10.61% from the company’s current price.

A number of other brokerages have also recently commented on LDOS. Barclays raised Leidos from an “equal weight” rating to an “overweight” rating in a report on Friday, January 5th. Robert W. Baird increased their price target on Leidos from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. Truist Financial raised their target price on Leidos from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Wells Fargo & Company raised their price target on shares of Leidos from $129.00 to $137.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Finally, TheStreet raised shares of Leidos from a “c” rating to a “b” rating in a research report on Tuesday, February 13th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $129.91.

Leidos Trading Up 0.4 %

Shares of LDOS stock opened at $131.09 on Wednesday. The stock has a market capitalization of $17.71 billion, a PE ratio of 92.32, a P/E/G ratio of 2.05 and a beta of 0.70. Leidos has a 1-year low of $76.58 and a 1-year high of $131.50. The business has a 50-day moving average of $121.31 and a 200 day moving average of $108.49. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.34 and a quick ratio of 1.24.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, February 13th. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.25. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.81 billion. Leidos had a return on equity of 22.92% and a net margin of 1.29%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.83 EPS. As a group, sell-side analysts anticipate that Leidos will post 7.75 earnings per share for the current year.

Insider Activity at Leidos

In other news, Director David G. Fubini sold 7,874 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total value of $1,007,005.86. Following the completion of the sale, the director now owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director David G. Fubini sold 7,874 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total value of $1,007,005.86. Following the transaction, the director now directly owns 14,696 shares in the company, valued at approximately $1,879,471.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gary Stephen May sold 2,745 shares of Leidos stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total transaction of $341,725.05. Following the completion of the sale, the director now owns 11,352 shares in the company, valued at $1,413,210.48. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Institutional Trading of Leidos

Institutional investors have recently made changes to their positions in the stock. KB Financial Partners LLC acquired a new stake in shares of Leidos in the first quarter worth $25,000. Chilton Capital Management LLC acquired a new stake in shares of Leidos in the 1st quarter valued at approximately $27,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in Leidos during the 4th quarter worth approximately $28,000. Money Concepts Capital Corp raised its holdings in shares of Leidos by 548.8% in the fourth quarter. Money Concepts Capital Corp now owns 266 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 225 shares during the last quarter. Finally, Itau Unibanco Holding S.A. bought a new position in shares of Leidos in the third quarter valued at $30,000. 76.12% of the stock is currently 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.