Wells Fargo & Company Issues Pessimistic Forecast for Leidos (NYSE:LDOS) Stock Price

Leidos (NYSE:LDOS) had its target price cut by stock analysts at Wells Fargo & Company from $230.00 to $205.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the aerospace company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 24.98% from the company’s previous close.

Several other analysts have also recently commented on LDOS. Bank of America boosted their price target on shares of Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group increased their price target on Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barclays lifted their price objective on Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Truist Financial lowered their target price on Leidos from $205.00 to $185.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $187.77.

Leidos Stock Down 1.3 %

LDOS stock opened at $164.02 on Tuesday. The business’s 50-day moving average price is $170.97 and its 200-day moving average price is $156.62. The stock has a market cap of $21.89 billion, a P/E ratio of 18.68, a PEG ratio of 1.10 and a beta of 0.68. 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 twelve month low of $105.52 and a twelve month 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 the consensus estimate of $1.96 by $0.97. The firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The company’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $2.03 EPS. On average, equities research analysts forecast that Leidos will post 10.04 EPS for the current year.

Insider Activity at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total transaction of $193,632.18. Following the completion of the sale, the director now directly owns 6,408 shares in the company, valued at $1,185,095.52. This represents a 14.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Surya N. Mohapatra sold 2,748 shares of Leidos stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $194.97, for a total value of $535,777.56. Following the completion of 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 position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Leidos

Several institutional investors and hedge funds have recently bought and sold shares of LDOS. Rakuten Securities Inc. increased its holdings in shares of Leidos by 1,460.0% during the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 146 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Leidos in the third quarter worth $29,000. Northwest Investment Counselors LLC purchased a new stake in shares of Leidos during the third quarter valued at $30,000. 1832 Asset Management L.P. acquired a new position in shares of Leidos in the 2nd quarter valued at $34,000. Finally, Blue Trust Inc. raised its stake in 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 acquiring an additional 201 shares during the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

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.