Leidos (NYSE:LDOS) Stock Rating Lowered by The Goldman Sachs Group

Leidos (NYSE:LDOS) was downgraded by equities research analysts at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a report released on Thursday, MarketBeat Ratings reports. They currently have a $153.00 price target on the aerospace company’s stock, down from their prior price target of $228.00. The Goldman Sachs Group’s price target points to a potential downside of 0.10% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada raised their target price 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. Truist Financial decreased their price target on shares of Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Robert W. Baird upped their price objective on Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. TD Cowen lifted their target price on Leidos from $175.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, UBS Group began coverage on Leidos in a research note on Monday, December 2nd. They set a “neutral” rating and a $182.00 price target for the company. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Leidos presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.00.

Leidos Stock Up 0.1 %

LDOS stock opened at $153.16 on Thursday. The company has a 50 day moving average price of $171.18 and a two-hundred day moving average price of $157.54. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. The stock has a market capitalization of $20.44 billion, a P/E ratio of 17.48, a PEG ratio of 1.05 and a beta of 0.64. Leidos has a one year low of $105.52 and a one year high of $202.90.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the previous year, the business earned $2.03 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, sell-side analysts expect that Leidos will post 9.89 EPS for the current year.

Insider Activity at Leidos

In related news, Director Noel B. Geer purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average price 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 in the company, valued at approximately $322,260. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Surya N. Mohapatra sold 2,748 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $194.97, for a total transaction of $535,777.56. Following the transaction, the director now owns 20,001 shares in the company, valued at $3,899,594.97. This trade represents a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Leidos

Several hedge funds and other institutional investors have recently modified their holdings of LDOS. Rakuten Securities Inc. increased its holdings in shares of Leidos by 1,460.0% in the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 146 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Leidos in the third quarter worth $29,000. Northwest Investment Counselors LLC bought a new stake in Leidos during the third quarter valued at $30,000. 1832 Asset Management L.P. acquired a new stake in shares of Leidos during the second quarter worth $34,000. Finally, Blue Trust Inc. lifted its position in shares of Leidos by 251.3% in the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after buying an additional 201 shares during the last quarter. Institutional investors 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.