Leidos (NYSE:LDOS) Given New $190.00 Price Target at Citigroup

Leidos (NYSE:LDOS - Get Free Report) had its price target upped by research analysts at Citigroup from $186.00 to $190.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the aerospace company's stock. Citigroup's target price would indicate a potential upside of 16.01% from the stock's previous close.

A number of other brokerages have also recently weighed in on LDOS. Royal Bank Of Canada raised their price objective on shares of Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. Baird R W lowered Leidos from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Truist Financial reduced their price target on Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Wall Street Zen raised Leidos from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 5th. Finally, Robert W. Baird lowered Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price target on the stock. in a research note on Tuesday, May 27th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $175.15.

Leidos Price Performance

Shares of LDOS stock traded up $1.73 during midday trading on Monday, reaching $163.78. 678,201 shares of the company traded hands, compared to its average volume of 1,278,146. The firm's 50 day simple moving average is $154.01 and its two-hundred day simple moving average is $145.12. Leidos has a 1-year low of $123.62 and a 1-year high of $202.90. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.54 and a quick ratio of 1.42. The firm has a market cap of $21.08 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 1.96 and a beta of 0.64.

Leidos (NYSE:LDOS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.47 by $0.50. Leidos had a net margin of 7.87% and a return on equity of 32.62%. The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same period last year, the firm earned $2.29 EPS. The company's revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities research analysts expect that Leidos will post 10.62 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $154.55, for a total transaction of $193,187.50. Following the completion of the sale, the director owned 20,195 shares of the company's stock, valued at $3,121,137.25. This represents a 5.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.96% of the stock is owned by corporate insiders.

Institutional Trading of Leidos

A number of institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC lifted its position in shares of Leidos by 9.1% in the 1st quarter. Parallel Advisors LLC now owns 968 shares of the aerospace company's stock valued at $131,000 after acquiring an additional 81 shares in the last quarter. Groupe la Francaise increased its stake in Leidos by 6.2% in the 1st quarter. Groupe la Francaise now owns 1,566 shares of the aerospace company's stock valued at $212,000 after buying an additional 91 shares during the period. Resolute Wealth Strategies LLC increased its stake in Leidos by 1.9% in the 1st quarter. Resolute Wealth Strategies LLC now owns 5,134 shares of the aerospace company's stock valued at $693,000 after buying an additional 97 shares during the period. Global Financial Private Client LLC increased its stake in Leidos by 1.4% in the 1st quarter. Global Financial Private Client LLC now owns 7,085 shares of the aerospace company's stock valued at $956,000 after buying an additional 100 shares during the period. Finally, EP Wealth Advisors LLC increased its stake in Leidos by 0.7% in the 1st quarter. EP Wealth Advisors LLC now owns 14,078 shares of the aerospace company's stock valued at $1,900,000 after buying an additional 104 shares during the period. 76.12% of the stock is owned by institutional investors and hedge funds.

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.