Leidos (NYSE:LDOS) Price Target Lowered to $205.00 at Wells Fargo & Company

Leidos (NYSE:LDOS) had its price target reduced by equities researchers at Wells Fargo & Company from $230.00 to $205.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the aerospace company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 25.31% from the company’s previous close.

Several other brokerages have also issued reports on LDOS. JPMorgan Chase & Co. raised their target price on Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Robert W. Baird raised their price objective on Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group upped their target price on Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Barclays raised their price target on shares of Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, Bank of America upped their price objective on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.77.

Leidos Stock Performance

Shares of LDOS stock opened at $163.59 on Tuesday. The firm has a market capitalization of $21.83 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.11 and a beta of 0.68. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. The business’s 50-day moving average price is $170.53 and its 200-day moving average price is $156.44. Leidos has a 12 month low of $105.52 and a 12 month high of $202.90.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, topping 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 business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same period last year, the company earned $2.03 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. Equities research analysts forecast that Leidos will post 10.04 EPS for the current year.

Insider Activity

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $184.94, for a total transaction of $193,632.18. Following the transaction, the director now owns 6,408 shares in the company, valued at approximately $1,185,095.52. This represents a 14.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Surya N. Mohapatra sold 2,748 shares of Leidos stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $194.97, for a total transaction of $535,777.56. Following the transaction, the director now owns 20,001 shares of the company’s stock, valued at $3,899,594.97. This represents a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Leidos

Large investors have recently bought and sold shares of the stock. Ballentine Partners LLC lifted its position in shares of Leidos by 3.5% during the third quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock valued at $297,000 after purchasing an additional 62 shares in the last quarter. Key Financial Inc boosted its stake in shares of Leidos by 6.5% in the 2nd quarter. Key Financial Inc now owns 1,141 shares of the aerospace company’s stock worth $166,000 after buying an additional 70 shares during the last quarter. Asahi Life Asset Management CO. LTD. grew its holdings in shares of Leidos by 3.2% in the third quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company’s stock valued at $372,000 after acquiring an additional 70 shares in the last quarter. Somerset Trust Co increased its position in shares of Leidos by 3.5% during the third quarter. Somerset Trust Co now owns 2,429 shares of the aerospace company’s stock valued at $396,000 after acquiring an additional 83 shares during the last quarter. Finally, Apella Capital LLC boosted its position in Leidos by 0.8% in the third quarter. Apella Capital LLC now owns 11,366 shares of the aerospace company’s stock worth $1,878,000 after purchasing an additional 89 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors.

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.