Leidos Holdings, Inc. (NYSE:LDOS) Given “Buy” Rating at Cowen and Company

Cowen and Company reaffirmed their buy rating on shares of Leidos Holdings, Inc. (NYSE:LDOS) in a report published on Thursday, November 2nd. They currently have a $68.00 price objective on the aerospace company’s stock.

A number of other equities research analysts have also weighed in on the company. Jefferies Group LLC reiterated a buy rating and issued a $75.00 price objective on shares of Leidos Holdings in a research report on Thursday, October 5th. TheStreet lowered Leidos Holdings from a b- rating to a c+ rating in a research report on Thursday, September 7th. BidaskClub upgraded Leidos Holdings from a hold rating to a buy rating in a research report on Wednesday, September 27th. Zacks Investment Research lowered Leidos Holdings from a buy rating to a hold rating in a research report on Wednesday, October 18th. Finally, Argus lifted their price objective on Leidos Holdings from $62.00 to $64.00 and gave the stock a buy rating in a research report on Thursday, August 31st. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $66.18.

Leidos Holdings (NYSE LDOS) opened at $61.64 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.27 and a quick ratio of 1.03. The company has a market capitalization of $9,240.00, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 1.66 and a beta of 1.67. Leidos Holdings has a 12 month low of $47.81 and a 12 month high of $64.20.

Leidos Holdings (NYSE:LDOS) last announced its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.14. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Leidos Holdings had a return on equity of 17.20% and a net margin of 3.04%. The business’s quarterly revenue was up 34.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.25 EPS. equities analysts predict that Leidos Holdings will post 3.68 earnings per share for the current fiscal year.

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In related news, Director Gary Stephen May sold 800 shares of Leidos Holdings stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $55.75, for a total transaction of $44,600.00. Following the sale, the director now directly owns 6,680 shares in the company, valued at $372,410. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.70% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd raised its stake in Leidos Holdings by 73.3% during the second quarter. Dynamic Technology Lab Private Ltd now owns 21,586 shares of the aerospace company’s stock valued at $1,116,000 after buying an additional 9,129 shares during the last quarter. Bangor Savings Bank purchased a new position in Leidos Holdings during the second quarter valued at $1,251,000. Public Employees Retirement System of Ohio raised its stake in Leidos Holdings by 9.3% during the second quarter. Public Employees Retirement System of Ohio now owns 58,572 shares of the aerospace company’s stock valued at $3,028,000 after buying an additional 4,990 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in Leidos Holdings by 2.0% during the second quarter. Ameritas Investment Partners Inc. now owns 42,937 shares of the aerospace company’s stock valued at $2,219,000 after buying an additional 831 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in Leidos Holdings by 1.5% during the second quarter. California State Teachers Retirement System now owns 270,249 shares of the aerospace company’s stock valued at $13,969,000 after buying an additional 4,052 shares during the last quarter. Institutional investors and hedge funds own 74.58% of the company’s stock.

Leidos Holdings Company Profile

Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.

Analyst Recommendations for Leidos Holdings (NYSE:LDOS)

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