Citigroup Issues Pessimistic Forecast for Leidos (NYSE:LDOS) Stock Price

Leidos (NYSE:LDOS - Get Free Report) had its price target reduced by research analysts at Citigroup from $232.00 to $178.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the aerospace company's stock. Citigroup's target price points to a potential upside of 35.75% from the company's previous close.

Several other equities research analysts have also recently issued reports on the stock. Wall Street Zen raised shares of Leidos from a "hold" rating to a "buy" rating in a research report on Saturday, April 18th. Royal Bank Of Canada lowered their price objective on shares of Leidos from $215.00 to $180.00 and set an "outperform" rating for the company in a research note on Wednesday. Argus upgraded Leidos to a "strong-buy" rating in a report on Tuesday, March 31st. Robert W. Baird reduced their target price on Leidos from $215.00 to $195.00 and set a "neutral" rating on the stock in a report on Wednesday, February 18th. Finally, Stifel Nicolaus cut their price objective on Leidos from $205.00 to $193.00 and set a "hold" rating on the stock in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $193.64.

Leidos Trading Down 2.8%

Leidos stock traded down $3.78 during trading on Thursday, hitting $131.12. The company's stock had a trading volume of 1,446,803 shares, compared to its average volume of 1,101,513. The stock's fifty day moving average is $161.00 and its 200 day moving average is $178.58. Leidos has a 1-year low of $129.35 and a 1-year high of $205.77. The stock has a market capitalization of $16.54 billion, a price-to-earnings ratio of 12.01, a P/E/G ratio of 1.74 and a beta of 0.56. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.58 and a current ratio of 1.40.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.88 by $0.25. The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.28 billion. Leidos had a return on equity of 31.92% and a net margin of 8.15%.The firm's quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the company earned $2.97 EPS. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. As a group, equities research analysts predict that Leidos will post 12.26 EPS for the current year.

Insider Activity at Leidos

In other news, insider Elizabeth A. Porter sold 2,000 shares of the company's stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $158.78, for a total value of $317,560.00. Following the completion of the sale, the insider owned 49,476 shares of the company's stock, valued at $7,855,799.28. This represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Leidos

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Longview Financial Advisors Inc. acquired a new position in shares of Leidos during the first quarter worth $26,000. JFS Wealth Advisors LLC boosted its position in Leidos by 77.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 151 shares of the aerospace company's stock valued at $27,000 after buying an additional 66 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Leidos by 94.7% during the fourth quarter. Hantz Financial Services Inc. now owns 148 shares of the aerospace company's stock valued at $27,000 after acquiring an additional 72 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Leidos during the third quarter worth about $28,000. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Leidos in the fourth quarter worth about $28,000. 76.12% of the stock is owned by institutional investors and hedge funds.

About Leidos

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos' work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.

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