Leidos (NYSE:LDOS) Given New $180.00 Price Target at Royal Bank of Canada

Leidos (NYSE:LDOSFree Report) had its target price increased by Royal Bank of Canada from $145.00 to $180.00 in a research note released on Wednesday morning, Benzinga reports. They currently have a sector perform rating on the aerospace company’s stock.

A number of other equities research analysts have also weighed in on the company. Barclays boosted their target price on Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Bank of America upped their price target on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. TD Cowen upped their price target on Leidos from $155.00 to $166.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. upped their price target on Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Citigroup upped their price target on Leidos from $169.00 to $194.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $187.77.

Read Our Latest Stock Report on Leidos

Leidos Trading Down 0.1 %

NYSE LDOS opened at $185.71 on Wednesday. Leidos has a 1-year low of $94.57 and a 1-year high of $188.36. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.91. The stock has a 50-day moving average of $161.89 and a 200-day moving average of $150.56. The firm has a market cap of $25.02 billion, a PE ratio of 58.22, a price-to-earnings-growth ratio of 1.50 and a beta of 0.70.

Leidos (NYSE:LDOSGet Free Report) last released its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.97. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the previous year, the company posted $2.03 EPS. Leidos’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, sell-side analysts forecast that Leidos will post 8.96 EPS for the current year.

Leidos Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.86%. This is an increase from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, December 16th. Leidos’s dividend payout ratio (DPR) is currently 47.65%.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gary Stephen May sold 1,000 shares of the stock in a transaction 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 sale, the director now directly owns 11,264 shares in the company, valued at approximately $1,622,241.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Leidos

Hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Leidos by 51.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company’s stock valued at $136,491,000 after buying an additional 283,558 shares during the period. Twin Tree Management LP bought a new position in shares of Leidos during the 1st quarter valued at $2,512,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in Leidos by 188.2% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,274 shares of the aerospace company’s stock worth $1,207,000 after purchasing an additional 5,403 shares during the period. Advisors Asset Management Inc. raised its holdings in Leidos by 97.2% in the 1st quarter. Advisors Asset Management Inc. now owns 12,904 shares of the aerospace company’s stock worth $1,692,000 after purchasing an additional 6,360 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Leidos by 76.9% in the 2nd quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock worth $101,942,000 after purchasing an additional 303,775 shares during the period. 76.12% of the stock is owned by institutional investors.

Leidos Company Profile

(Get Free Report)

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.

Read More

Analyst Recommendations for Leidos (NYSE:LDOS)

Receive News & Ratings for Leidos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leidos and related companies with MarketBeat.com's FREE daily email newsletter.