Leidos (NYSE:LDOS) Price Target Increased to $185.00 by Analysts at JPMorgan Chase & Co.

Leidos (NYSE:LDOS) had its target price upped by equities researchers at JPMorgan Chase & Co. from $175.00 to $185.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 11.63% from the company’s current price.

A number of other brokerages also recently commented on LDOS. Barclays increased their price objective on shares of Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Stifel Nicolaus increased their price target on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, June 24th. TD Cowen lifted their price target on Leidos from $155.00 to $166.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Bank of America upped their price target on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Wells Fargo & Company increased their price target on shares of Leidos from $172.00 to $183.00 and gave the stock an “overweight” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.83.

Leidos Stock Up 0.4 %

NYSE LDOS traded up $0.71 during trading on Wednesday, hitting $165.72. The company’s stock had a trading volume of 113,002 shares, compared to its average volume of 865,812. The company has a market cap of $22.32 billion, a PE ratio of 71.43, a P/E/G ratio of 1.43 and a beta of 0.70. 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 business’s 50 day simple moving average is $152.51 and its 200-day simple moving average is $144.68. Leidos has a fifty-two week low of $89.22 and a fifty-two week high of $165.97.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.36. The firm had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.06 billion. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.80 EPS. On average, equities analysts anticipate that Leidos will post 8.95 EPS for the current fiscal year.

Insider Transactions at Leidos

In related news, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction that occurred 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 in the company, valued at $1,622,241.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Leidos news, Director Gary Stephen May sold 1,000 shares of the business’s 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 transaction, the director now owns 11,264 shares in the company, valued at approximately $1,622,241.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas Arthur Bell bought 1,712 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average cost of $145.04 per share, with a total value of $248,308.48. Following the purchase, the chief executive officer now directly owns 22,398 shares in the company, valued at approximately $3,248,605.92. The disclosure for this purchase can be found here. Insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Leidos

A number of institutional investors have recently added to or reduced their stakes in the company. 1832 Asset Management L.P. bought a new position in Leidos during the second quarter worth $34,000. Blue Trust Inc. boosted its holdings in shares of Leidos by 251.3% during the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 201 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in Leidos by 122.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock valued at $45,000 after acquiring an additional 169 shares during the last quarter. Family Firm Inc. bought a new stake in Leidos during the second quarter worth approximately $60,000. Finally, Tributary Capital Management LLC bought a new position in Leidos in the 1st quarter worth approximately $64,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

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.