Leidos (NYSE:LDOS) Downgraded by Citigroup to “Neutral”

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Citigroup lowered shares of Leidos (NYSE:LDOS) from a buy rating to a neutral rating in a report released on Tuesday, Benzinga reports. The brokerage currently has $83.00 price target on the aerospace company’s stock, up from their prior price target of $75.00.

Other equities analysts also recently issued reports about the stock. Credit Suisse Group restated a buy rating and issued a $29.00 target price on shares of Clovis Oncology in a research note on Wednesday, May 15th. ValuEngine upgraded shares of VESTAS WIND SYS/ADR from a hold rating to a buy rating in a research note on Thursday, May 9th. Argus upped their target price on shares of Leidos to $82.00 and gave the stock a positive rating in a research note on Thursday, May 16th. Zacks Investment Research downgraded shares of EXACT Sciences from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Finally, Goldman Sachs Group upgraded shares of MICHELIN COMPAG/ADR from a neutral rating to a buy rating in a research note on Thursday, May 9th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $80.56.

Leidos stock opened at $81.94 on Tuesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.23 and a quick ratio of 1.23. Leidos has a 1-year low of $50.33 and a 1-year high of $82.50. The stock has a market cap of $11.75 billion, a price-to-earnings ratio of 18.71, a P/E/G ratio of 2.36 and a beta of 1.56. The stock has a 50-day moving average price of $78.70.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, April 30th. The aerospace company reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.13. The business 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%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 EPS. On average, equities analysts predict that Leidos will post 4.59 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.32 per share. The ex-dividend date was Thursday, June 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.56%. Leidos’s dividend payout ratio is presently 29.22%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LDOS. Somerset Trust Co boosted its stake in shares of Leidos by 150.6% during the first quarter. Somerset Trust Co now owns 436 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 262 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Leidos during the first quarter valued at approximately $32,000. Legacy Advisors LLC bought a new position in shares of Leidos during the first quarter valued at approximately $37,000. Icon Wealth Partners LLC bought a new position in shares of Leidos during the first quarter valued at approximately $37,000. Finally, Bessemer Group Inc. boosted its stake in shares of Leidos by 78.1% during the fourth quarter. Bessemer Group Inc. now owns 896 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 393 shares in the last quarter. Hedge funds and other institutional investors own 74.62% 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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