Leonardo DRS (DRS) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Leonardo DRS in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DRS shares.
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4 analysts have issued 12 month price objectives for Leonardo DRS's shares. Their DRS share price forecasts range from $17.00 to $19.00. On average, they anticipate the company's share price to reach $17.67 in the next twelve months. This suggests a possible upside of 14.4% from the stock's current price.
View analysts price targets for DRS or view top-rated stocks among Wall Street analysts.

Leonardo DRS's stock was trading at $12.78 on January 1st, 2023. Since then, DRS stock has increased by 20.8% and is now trading at $15.44.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 16th 2023.
View our DRS earnings forecast.

ETFs with the largest weight of Leonardo DRS (NASDAQ:DRS) stock in their portfolio include Motley Fool Small-Cap Growth ETF (TMFS), MFAM Small-Cap Growth ETF (MFMS), Invesco Aerospace & Defense ETF (PPA), BlueStar Israel Technology ETF (ITEQ), SPDR Kensho Future Security ETF (FITE), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC), VanEck Israel ETF (ISRA) and First Trust US Equity Opportunities ETF (FPX).

Leonardo DRS issued an update on its FY 2023 earnings guidance on Wednesday, March, 29th. The company provided EPS guidance of $0.64-$0.69 for the period, compared to the consensus earnings per share estimate of $0.74. The company issued revenue guidance of $2.70 billion-$2.80 billion, compared to the consensus revenue estimate of $2.83 billion.

(DRS) raised $670 million in an initial public offering (IPO) on Wednesday, March 24th 2021. The company issued 31,900,000 shares at $20.00-$22.00 per share. Goldman Sachs, BofA Securities, J.P.Morgan, Barclays, Citigroup, Credit Suisse and Morgan Stanley served as the underwriters for the IPO and Credit Agricole CIB, IMI - Intesa Sanpaolo, MUFG and UniCredit Capital Markets were co-managers.

Leonardo DRS trades on the NASDAQ under the ticker symbol "DRS."

Leonardo DRS's stock is owned by many different institutional and retail investors. Top institutional investors include Wellington Management Group LLP (1.61%), Macquarie Group Ltd. (1.23%), Macquarie Group Ltd. (1.23%), Boston Partners (0.89%), Stephens Investment Management Group LLC (0.65%) and Royce & Associates LP (0.64%).

Shares of DRS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DRS stock can currently be purchased for approximately $15.44.

Leonardo DRS (NASDAQ:DRS) has a market capitalization of $4.03 billion and generates $2.69 billion in revenue each year. The company earns $405 million in net income (profit) each year or $2.16 on an earnings per share basis.

The company employs 6,400 workers across the globe.

Leonardo DRS's mailing address is 7 GIBOREI ISRAEL STREET P.O. BOX 8606, NETANYA L3, 4250407. The official website for the company is www.rada.com. The company can be reached via phone at (703) 416-8000, via email at rada@gkir.com, or via fax at 972-9885-5885.