Leonardo DRS, Inc. (NASDAQ:DRS) Given Average Rating of “Moderate Buy” by Analysts

Shares of Leonardo DRS, Inc. (NASDAQ:DRS) have received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $32.17.

DRS has been the topic of a number of recent analyst reports. BTIG Research lifted their target price on Leonardo DRS from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. lifted their target price on Leonardo DRS from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday. Truist Financial lifted their target price on Leonardo DRS from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Bank of America cut Leonardo DRS from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $26.00 to $30.00 in a research note on Tuesday, September 24th. Finally, Robert W. Baird lifted their target price on Leonardo DRS from $30.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st.

Institutional Investors Weigh In On Leonardo DRS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DRS. Nisa Investment Advisors LLC raised its stake in Leonardo DRS by 1,325.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,155 shares of the company’s stock valued at $29,000 after acquiring an additional 1,074 shares during the period. EntryPoint Capital LLC increased its position in shares of Leonardo DRS by 165.8% during the first quarter. EntryPoint Capital LLC now owns 1,656 shares of the company’s stock valued at $37,000 after buying an additional 1,033 shares during the period. Covestor Ltd increased its position in shares of Leonardo DRS by 226.8% during the third quarter. Covestor Ltd now owns 1,814 shares of the company’s stock valued at $51,000 after buying an additional 1,259 shares during the period. Comerica Bank increased its position in shares of Leonardo DRS by 23.7% during the first quarter. Comerica Bank now owns 2,750 shares of the company’s stock valued at $61,000 after buying an additional 527 shares during the period. Finally, KBC Group NV increased its position in shares of Leonardo DRS by 42.5% during the third quarter. KBC Group NV now owns 2,585 shares of the company’s stock valued at $73,000 after buying an additional 771 shares during the period. 18.76% of the stock is currently owned by institutional investors.

Leonardo DRS Price Performance

DRS opened at $35.43 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.11 and a quick ratio of 1.70. The company has a market capitalization of $9.37 billion, a price-to-earnings ratio of 47.88, a P/E/G ratio of 1.98 and a beta of 0.95. The firm’s fifty day moving average price is $28.81 and its two-hundred day moving average price is $26.52. Leonardo DRS has a 1 year low of $17.97 and a 1 year high of $35.84.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The firm had revenue of $812.00 million for the quarter, compared to the consensus estimate of $775.44 million. Leonardo DRS had a net margin of 6.23% and a return on equity of 9.71%. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 EPS. As a group, analysts anticipate that Leonardo DRS will post 0.89 earnings per share for the current fiscal year.

About Leonardo DRS

Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.