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

Leidos (NYSE:LDOS) had its price target decreased by Wells Fargo & Company from $199.00 to $197.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the aerospace company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 50.95% from the stock’s current price.

Several other equities analysts have also recently issued reports on the stock. Cantor Fitzgerald initiated coverage on shares of Leidos in a research note on Friday, February 7th. They issued an “overweight” rating and a $185.00 price objective on the stock. Truist Financial dropped their price objective on shares of Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. UBS Group initiated coverage on shares of Leidos in a research note on Monday, December 2nd. They issued a “neutral” rating and a $182.00 price objective on the stock. Robert W. Baird boosted their price objective on shares of Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, TD Cowen cut shares of Leidos from a “buy” rating to a “hold” rating and lowered their price target for the stock from $200.00 to $165.00 in a research note on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $176.27.

Leidos Stock Down 4.6 %

LDOS stock opened at $130.50 on Wednesday. The company has a fifty day moving average price of $148.21 and a 200 day moving average price of $157.48. Leidos has a 12 month low of $119.31 and a 12 month high of $202.90. The company has a market cap 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. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 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%. Sell-side analysts expect that Leidos will post 10.03 earnings per share for the current year.

Insider Buying and Selling at Leidos

In related news, Director Noel B. Geer acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average cost of $161.13 per share, for a total transaction of $322,260.00. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $322,260. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.96% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Leidos by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 15,450,395 shares of the aerospace company’s stock valued at $2,225,784,000 after buying an additional 84,003 shares during the period. State Street Corp raised its holdings in Leidos by 1.0% in the third quarter. State Street Corp now owns 5,800,357 shares of the aerospace company’s stock valued at $945,458,000 after buying an additional 56,066 shares during the period. JPMorgan Chase & Co. raised its holdings in Leidos by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock valued at $571,216,000 after buying an additional 405,256 shares during the period. Geode Capital Management LLC raised its holdings in Leidos by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 3,393,313 shares of the aerospace company’s stock valued at $487,649,000 after buying an additional 27,410 shares during the period. Finally, Invesco Ltd. raised its holdings in Leidos by 35.0% in the fourth quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company’s stock valued at $378,942,000 after buying an additional 682,532 shares during the period. 76.12% of the stock is currently owned by hedge funds and other 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.