Leidos Holdings, Inc. (NYSE:LDOS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, October 18th.
According to Zacks, “Leidos Holdings, Inc. (Leidos) is a holding company whose direct 100%-owned subsidiaries and principal operating companies are Leidos, Inc. and Leidos Innovations Corporation. Leidos is a global science and technology company that provides technology and engineering services and solutions in the defense, intelligence, civil and health markets. Their domestic customers include agencies of the U.S. Department of Defense, the U.S. Intelligence Community, the U.S. Department of Homeland Security, the Federal Aviation Administration, the Department of Health and Human Services, other U.S. Government civil agencies and state and local government agencies. Their international customers include foreign governments and their agencies, primarily located in the United Kingdom, the Middle East and Australia. “
LDOS has been the subject of several other research reports. Cowen and Company reaffirmed a “buy” rating and set a $66.00 price target on shares of Leidos Holdings in a report on Tuesday, September 19th. Goldman Sachs Group, Inc. (The) raised Leidos Holdings from a “neutral” rating to a “buy” rating and raised their price target for the company from $61.00 to $68.00 in a report on Thursday, August 10th. Jefferies Group LLC reissued a “hold” rating and set a $52.00 target price on shares of Leidos Holdings in a report on Friday, August 18th. TheStreet raised Leidos Holdings from a “c+” rating to a “b+” rating in a report on Monday, October 2nd. Finally, ValuEngine raised Leidos Holdings from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Leidos Holdings presently has a consensus rating of “Buy” and an average target price of $66.18.
Shares of Leidos Holdings (NYSE LDOS) traded down $0.68 on Wednesday, hitting $62.95. 890,514 shares of the stock traded hands, compared to its average volume of 714,650. Leidos Holdings has a one year low of $43.46 and a one year high of $64.20. The company has a quick ratio of 1.03, a current ratio of 1.27 and a debt-to-equity ratio of 0.92. The company has a market cap of $9,630.00, a PE ratio of 17.59, a P/E/G ratio of 1.73 and a beta of 1.67.
Leidos Holdings (NYSE:LDOS) last released its earnings results on Thursday, November 2nd. The aerospace company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.14. Leidos Holdings had a net margin of 3.04% and a return on equity of 17.20%. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the business earned $1.25 earnings per share. The firm’s revenue was up 34.0% on a year-over-year basis. equities research analysts forecast that Leidos Holdings will post 3.67 EPS for the current year.
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In other Leidos Holdings news, Director Gary Stephen May sold 800 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $55.75, for a total value of $44,600.00. Following the transaction, the director now directly owns 6,680 shares of the company’s stock, valued at $372,410. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Jerald S. Howe, Jr. purchased 2,000 shares of the company’s stock in a transaction on Monday, August 21st. The stock was acquired at an average cost of $55.32 per share, for a total transaction of $110,640.00. Following the completion of the purchase, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $110,640. The disclosure for this purchase can be found here. Insiders own 1.70% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of LDOS. Northwestern Mutual Wealth Management Co. raised its position in shares of Leidos Holdings by 0.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock worth $102,000 after purchasing an additional 18 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Leidos Holdings by 31.2% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,158 shares of the aerospace company’s stock worth $111,000 after buying an additional 513 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in Leidos Holdings by 2.0% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,191 shares of the aerospace company’s stock worth $113,000 after buying an additional 44 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Leidos Holdings by 263.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 3,111 shares of the aerospace company’s stock worth $161,000 after buying an additional 2,254 shares in the last quarter. Finally, Hanseatic Management Services Inc. bought a new stake in Leidos Holdings during the second quarter worth $174,000. 74.67% of the stock is currently owned by hedge funds and other institutional investors.
Leidos Holdings Company Profile
Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.
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