Argus Issues Positive Forecast for Leidos (NYSE:LDOS) Stock Price

Key Points

• Argus upgraded its price target for Leidos from $185.00 to $210.00, reflecting an expected upside of 11.24% from the stock's previous close, and maintains a "buy" rating.
• Leidos reported earnings of $3.21 per share, surpassing estimates by $0.58, with a revenue of $4.25 billion for the last quarter, indicating a 2.9% year-over-year increase.
• Insider trading activity included sales by two directors, reducing their ownership stakes in the company, as insiders sold a total of 22,975 shares valued at $4.08 million in the last quarter.

Leidos (NYSE:LDOS - Get Free Report) had its price objective boosted by Argus from $185.00 to $210.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the aerospace company's stock. Argus' target price suggests a potential upside of 11.24% from the stock's previous close.

Other equities analysts have also issued research reports about the stock. Royal Bank Of Canada raised shares of Leidos from a "hold" rating to a "moderate buy" rating in a report on Thursday, September 4th. UBS Group lifted their price target on Leidos from $168.00 to $184.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Baird R W lowered Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Wall Street Zen downgraded Leidos from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Citigroup reiterated a "buy" rating and set a $190.00 price target (up from $186.00) on shares of Leidos in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $185.21.

Leidos Price Performance

NYSE LDOS traded up $1.67 on Wednesday, hitting $188.78. The stock had a trading volume of 30,231 shares, compared to its average volume of 1,288,118. The firm has a 50-day moving average of $175.30 and a 200-day moving average of $157.00. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.50 and a current ratio of 1.62. Leidos has a 52-week low of $123.62 and a 52-week high of $202.90. The company has a market capitalization of $24.22 billion, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 1.76 and a beta of 0.71.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.58. The firm had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $4.24 billion. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The business's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.63 earnings per share. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. Equities analysts expect that Leidos will post 10.62 EPS for the current year.

Insider Transactions at Leidos

In related news, Director Gregory R. Dahlberg sold 952 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $177.43, for a total value of $168,913.36. Following the transaction, the director owned 21,068 shares in the company, valued at $3,738,095.24. The trade was a 4.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gary Stephen May sold 2,000 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.05, for a total transaction of $356,100.00. Following the sale, the director owned 10,137 shares of the company's stock, valued at approximately $1,804,892.85. This represents a 16.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,975 shares of company stock valued at $4,078,740 in the last quarter. 0.69% of the stock is owned by insiders.

Institutional Trading of Leidos

Several institutional investors have recently added to or reduced their stakes in LDOS. Personal CFO Solutions LLC raised its stake in shares of Leidos by 2.0% in the second quarter. Personal CFO Solutions LLC now owns 2,974 shares of the aerospace company's stock worth $469,000 after purchasing an additional 59 shares during the last quarter. Beacon Pointe Advisors LLC raised its holdings in shares of Leidos by 3.7% during the second quarter. Beacon Pointe Advisors LLC now owns 1,639 shares of the aerospace company's stock valued at $259,000 after purchasing an additional 59 shares during the last quarter. Quotient Wealth Partners LLC raised its holdings in shares of Leidos by 4.3% during the second quarter. Quotient Wealth Partners LLC now owns 1,627 shares of the aerospace company's stock valued at $257,000 after purchasing an additional 67 shares during the last quarter. REAP Financial Group LLC lifted its position in Leidos by 50.0% during the second quarter. REAP Financial Group LLC now owns 228 shares of the aerospace company's stock valued at $36,000 after purchasing an additional 76 shares during the period. Finally, Private Trust Co. NA boosted its holdings in Leidos by 35.9% in the second quarter. Private Trust Co. NA now owns 303 shares of the aerospace company's stock worth $48,000 after purchasing an additional 80 shares during the last quarter. 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.

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