Leidos (LDOS) Given New $82.00 Price Target at Argus

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Leidos (NYSE:LDOS) had its price target upped by Argus to $82.00 in a research report report published on Thursday, The Fly reports. They currently have a positive rating on the aerospace company’s stock.

LDOS has been the topic of a number of other reports. Wells Fargo & Co lifted their price target on shares of Leidos from $80.00 to $85.00 and gave the company a positive rating in a report on Wednesday. Goldman Sachs Group reiterated a neutral rating and issued a $75.00 price target on shares of Leidos in a report on Thursday, May 9th. ValuEngine upgraded shares of Leidos from a hold rating to a buy rating in a report on Thursday, May 9th. Credit Suisse Group lifted their price target on shares of Leidos from $82.00 to $88.00 and gave the company an outperform rating in a report on Wednesday. Finally, Drexel Hamilton restated a buy rating and issued a $75.00 target price on shares of Leidos in a report on Friday, February 22nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Leidos has an average rating of Buy and a consensus target price of $79.71.

LDOS opened at $75.99 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.23 and a current ratio of 1.23. Leidos has a fifty-two week low of $50.33 and a fifty-two week high of $76.75. The firm has a market cap of $10.96 billion, a P/E ratio of 17.35, a PEG ratio of 1.89 and a beta of 1.74.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, April 30th. The aerospace company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.13. The company had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.49 billion. Leidos had a net margin of 6.47% and a return on equity of 20.08%. Leidos’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS. As a group, equities analysts expect that Leidos will post 4.58 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.32 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.68%. Leidos’s dividend payout ratio (DPR) is presently 29.22%.

Several institutional investors have recently bought and sold shares of LDOS. Lunia Capital LP increased its holdings in shares of Leidos by 5,549.2% in the 4th quarter. Lunia Capital LP now owns 17,376,986 shares of the aerospace company’s stock worth $17,377,000 after buying an additional 17,069,387 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Leidos by 5,498.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,142,692 shares of the aerospace company’s stock worth $60,000 after buying an additional 3,086,560 shares during the last quarter. Norges Bank bought a new stake in shares of Leidos in the 4th quarter worth about $78,454,000. Victory Capital Management Inc. increased its holdings in shares of Leidos by 34.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,900,180 shares of the aerospace company’s stock worth $152,898,000 after buying an additional 738,363 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Leidos by 105.2% in the 1st quarter. First Trust Advisors LP now owns 1,415,365 shares of the aerospace company’s stock worth $90,711,000 after buying an additional 725,477 shares during the last quarter. Hedge funds and other institutional investors own 76.72% of the company’s stock.

About Leidos

Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

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Analyst Recommendations for Leidos (NYSE:LDOS)

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