Wells Fargo & Company Boosts Leidos (NYSE:LDOS) Price Target to $183.00

Leidos (NYSE:LDOS) had its target price hoisted by stock analysts at Wells Fargo & Company from $172.00 to $183.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the aerospace company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 10.98% from the stock’s current price.

Several other equities analysts have also recently commented on LDOS. Truist Financial upped their price target on Leidos from $165.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Barclays upped their price target on Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Stifel Nicolaus upped their price objective on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Royal Bank of Canada upped their price objective on Leidos from $140.00 to $145.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. Finally, TD Cowen upped their price objective on Leidos from $155.00 to $166.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.00.

Leidos Stock Performance

Shares of NYSE LDOS traded up $1.90 during trading hours on Tuesday, hitting $164.90. 440,659 shares of the company’s stock were exchanged, compared to its average volume of 868,421. Leidos has a 1-year low of $89.22 and a 1-year high of $165.49. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.11. The stock has a market capitalization of $22.30 billion, a price-to-earnings ratio of 71.25, a PEG ratio of 1.41 and a beta of 0.70. The company’s 50-day moving average price is $152.30 and its 200-day moving average price is $144.42.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.36. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The business had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter in the previous year, the firm earned $1.80 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. On average, sell-side analysts expect that Leidos will post 8.95 earnings per share for the current fiscal year.

Insider Activity at Leidos

In other news, Director Gary Stephen May sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the completion of the transaction, the director now owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Gary Stephen May sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the sale, the director now directly owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Thomas Arthur Bell purchased 1,712 shares of Leidos stock in a transaction on Thursday, August 1st. The shares were purchased at an average cost of $145.04 per share, with a total value of $248,308.48. Following the transaction, the chief executive officer now owns 22,398 shares in the company, valued at $3,248,605.92. The disclosure for this purchase can be found here. 0.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Twin Tree Management LP acquired a new position in shares of Leidos during the 1st quarter worth approximately $2,512,000. Leeward Investments LLC MA increased its holdings in shares of Leidos by 4.9% during the 1st quarter. Leeward Investments LLC MA now owns 166,069 shares of the aerospace company’s stock worth $21,770,000 after acquiring an additional 7,703 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Leidos by 188.2% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,274 shares of the aerospace company’s stock worth $1,207,000 after acquiring an additional 5,403 shares during the last quarter. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Leidos during the 1st quarter worth approximately $1,900,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Leidos by 97.2% during the 1st quarter. Advisors Asset Management Inc. now owns 12,904 shares of the aerospace company’s stock worth $1,692,000 after acquiring an additional 6,360 shares during the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

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.