Leidos (NYSE:LDOS) Given New $185.00 Price Target at JPMorgan Chase & Co.

Leidos (NYSE:LDOS) had its price objective hoisted by JPMorgan Chase & Co. from $175.00 to $185.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 12.02% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada boosted their target price on Leidos from $140.00 to $145.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. Bank of America boosted their price objective 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. Barclays raised their target price on shares of Leidos from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Stifel Nicolaus boosted 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 Monday, June 24th. Finally, Truist Financial raised their price objective on shares of Leidos from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $164.83.

Leidos Trading Down 0.0 %

Shares of LDOS opened at $165.15 on Wednesday. The stock has a market capitalization of $22.25 billion, a P/E ratio of 71.19, a PEG ratio of 1.43 and a beta of 0.70. Leidos has a twelve month low of $89.22 and a twelve month high of $166.01. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The firm has a fifty day simple moving average of $153.07 and a two-hundred day simple moving average of $144.97.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.36. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The company had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same period in the prior year, the business posted $1.80 earnings per share. Leidos’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, research analysts anticipate that Leidos will post 8.95 EPS for the current year.

Insider Buying and Selling at Leidos

In other news, CEO Thomas Arthur Bell acquired 1,712 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average cost of $145.04 per share, with a total value of $248,308.48. Following the transaction, the chief executive officer now owns 22,398 shares of the company’s stock, valued at approximately $3,248,605.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Leidos news, CEO Thomas Arthur Bell purchased 1,712 shares of the stock in a transaction dated Thursday, August 1st. The shares were purchased at an average cost of $145.04 per share, with a total value of $248,308.48. Following the completion of the acquisition, the chief executive officer now directly owns 22,398 shares in the company, valued at approximately $3,248,605.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction dated 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 sale, the director now owns 11,264 shares of the company’s stock, valued at $1,622,241.28. 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 and hedge funds have recently added to or reduced their stakes in the stock. Apella Capital LLC increased its position in shares of Leidos by 0.8% during the 3rd quarter. Apella Capital LLC now owns 11,366 shares of the aerospace company’s stock valued at $1,878,000 after purchasing an additional 89 shares during the last quarter. Czech National Bank raised its stake in shares of Leidos by 6.5% in the third quarter. Czech National Bank now owns 27,442 shares of the aerospace company’s stock worth $4,473,000 after buying an additional 1,676 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Leidos during the 2nd quarter valued at about $2,017,000. RiverFront Investment Group LLC bought a new position in shares of Leidos during the 2nd quarter valued at approximately $584,000. Finally, New Wave Wealth Advisors LLC purchased a new stake in Leidos in the 2nd quarter worth approximately $285,000. Hedge funds and other institutional investors 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.