Leidos (NYSE:LDOS) Stock Rating Lowered by StockNews.com

Leidos (NYSE:LDOS - Get Free Report) was downgraded by investment analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report released on Wednesday.

Several other analysts have also issued reports on LDOS. TD Cowen lowered Leidos from a "buy" rating to a "hold" rating and cut their price target for the company from $200.00 to $165.00 in a report on Wednesday, January 8th. Truist Financial decreased their price objective on Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. UBS Group lowered their target price on shares of Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. William Blair cut Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Finally, Cantor Fitzgerald raised shares of Leidos to a "strong-buy" rating in a research report on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Leidos has a consensus rating of "Moderate Buy" and an average target price of $179.23.

Leidos Price Performance

Shares of LDOS opened at $147.51 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. The firm's 50-day simple moving average is $136.67 and its two-hundred day simple moving average is $150.27. Leidos has a fifty-two week low of $123.62 and a fifty-two week high of $202.90. The stock has a market cap of $18.91 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 1.65 and a beta of 0.66.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. Analysts anticipate that Leidos will post 10.62 earnings per share for the current fiscal year.

Insider Activity at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $134.56, for a total value of $203,320.16. Following the sale, the director now directly owns 6,408 shares in the company, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gary Stephen May sold 2,128 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value of $279,278.72. Following the completion of the transaction, the director now directly owns 11,264 shares of the company's stock, valued at approximately $1,478,287.36. This represents a 15.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company's stock.

Hedge Funds Weigh In On Leidos

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fullcircle Wealth LLC purchased a new position in Leidos during the first quarter worth about $257,000. California First Leasing Corp increased its stake in Leidos by 63.8% during the 1st quarter. California First Leasing Corp now owns 16,681 shares of the aerospace company's stock worth $2,251,000 after buying an additional 6,500 shares during the period. Rice Partnership LLC acquired a new stake in shares of Leidos in the first quarter valued at $433,000. World Investment Advisors boosted its stake in shares of Leidos by 5.9% in the 1st quarter. World Investment Advisors now owns 4,729 shares of the aerospace company's stock valued at $638,000 after buying an additional 262 shares during the period. Finally, Wayfinding Financial LLC acquired a new position in Leidos during the 1st quarter worth approximately $63,000. Institutional investors and hedge funds own 76.12% of the company's stock.

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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