Leidos (NYSE:LDOS) Price Target Lowered to $197.00 at Wells Fargo & Company

Leidos (NYSE:LDOS) had its target price dropped by Wells Fargo & Company from $199.00 to $197.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the aerospace company’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 50.95% from the stock’s previous close.

A number of other analysts also recently weighed in on LDOS. UBS Group assumed coverage on shares of Leidos in a research report on Monday, December 2nd. They set a “neutral” rating and a $182.00 price target for the company. Citigroup raised their price target on shares of Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. TD Cowen downgraded shares of Leidos from a “buy” rating to a “hold” rating and decreased their price target for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. Truist Financial decreased their price target on shares of Leidos from $205.00 to $185.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Finally, Royal Bank of Canada raised their price target on shares of Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $176.27.

Leidos Stock Down 4.6 %

Shares of NYSE:LDOS opened at $130.50 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. Leidos has a 52-week low of $119.31 and a 52-week high of $202.90. The company has a 50 day moving average of $148.21 and a two-hundred day moving average of $157.48. The company has a market capitalization of $17.41 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 0.92 and a beta of 0.66.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.13. Leidos had a net margin of 7.37% and a return on equity of 30.31%. As a group, analysts forecast that Leidos will post 10.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Leidos

In related news, Director Noel B. Geer bought 2,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were bought at an average cost of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the purchase, the director now owns 2,000 shares of the company’s stock, valued at $322,260. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Leidos

A number of hedge funds have recently added to or reduced their stakes in LDOS. Zacks Investment Management raised its stake in shares of Leidos by 35.3% during the fourth quarter. Zacks Investment Management now owns 30,338 shares of the aerospace company’s stock valued at $4,370,000 after purchasing an additional 7,919 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Leidos by 5.4% during the fourth quarter. NewEdge Advisors LLC now owns 20,060 shares of the aerospace company’s stock valued at $2,890,000 after purchasing an additional 1,023 shares in the last quarter. Jump Financial LLC raised its stake in shares of Leidos by 637.2% during the fourth quarter. Jump Financial LLC now owns 36,604 shares of the aerospace company’s stock valued at $5,273,000 after purchasing an additional 31,639 shares in the last quarter. Bridgewater Associates LP raised its stake in shares of Leidos by 32.7% during the fourth quarter. Bridgewater Associates LP now owns 186,472 shares of the aerospace company’s stock valued at $26,863,000 after purchasing an additional 45,912 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new stake in shares of Leidos during the fourth quarter valued at about $362,000. 76.12% of the stock is currently owned by institutional investors.

Leidos Company Profile

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.