Leidos (NYSE:LDOS) Given New $200.00 Price Target at TD Cowen

Leidos (NYSE:LDOS) had its target price raised by TD Cowen from $175.00 to $200.00 in a research note issued to investors on Wednesday, Benzinga reports. TD Cowen currently has a buy rating on the aerospace company’s stock.

Other research analysts have also recently issued research reports about the company. Royal Bank of Canada boosted their price objective on Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Wells Fargo & Company boosted their price objective on Leidos from $183.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday. Bank of America boosted their price objective on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Barclays lifted their target price on Leidos from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Citigroup lifted their target price on Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $187.77.

Leidos Price Performance

Shares of Leidos stock opened at $185.71 on Wednesday. Leidos has a twelve month low of $94.57 and a twelve month high of $188.36. The stock has a market capitalization of $25.02 billion, a P/E ratio of 58.22, a PEG ratio of 1.50 and a beta of 0.70. 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 business’s fifty day moving average price is $161.89 and its 200 day moving average price is $150.56.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.97. The company had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.03 earnings per share. As a group, research analysts anticipate that Leidos will post 8.96 earnings per share for the current year.

Leidos Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.40 dividend. This is a positive change from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 0.86%. The ex-dividend date is Monday, December 16th. Leidos’s payout ratio is currently 47.65%.

Insider Activity

In other news, Director Gary Stephen May sold 1,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Leidos

Institutional investors have recently made changes to their positions in the stock. Northwest Investment Counselors LLC bought a new position in shares of Leidos during the third quarter valued at approximately $30,000. 1832 Asset Management L.P. acquired a new position in shares of Leidos during the second quarter worth approximately $34,000. Blue Trust Inc. boosted its position in shares of Leidos by 251.3% during the second 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 period. Kathleen S. Wright Associates Inc. acquired a new position in shares of Leidos during the third quarter worth approximately $46,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of Leidos by 122.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock worth $45,000 after buying an additional 169 shares during the period. 76.12% of the stock is owned by 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.