Leidos Holdings, Inc. (LDOS) Stock Rating Lowered by Zacks Investment Research

Leidos Holdings, Inc. (NYSE:LDOS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “Leidos Holdings Inc. provides science and technology solutions. The company operates in four segments: Defense Solutions; Health, Energy and Civil Solutions; Intelligence and Cybersecurity Solutions, and Corporate and other. It serves in the areas of national security, engineering and health. Leidos Holdings Inc., formerly known as SAIC, Inc., is headquartered in McLean, Virginia. “

A number of other analysts have also commented on the company. Cowen and Company lifted their price target on Leidos Holdings from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Friday, May 5th. BidaskClub lowered Leidos Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Leidos Holdings presently has a consensus rating of “Buy” and an average price target of $56.50.

Shares of Leidos Holdings (NYSE LDOS) opened at 53.08 on Tuesday. The stock’s 50 day moving average price is $54.16 and its 200-day moving average price is $52.26. Leidos Holdings has a 52 week low of $37.79 and a 52 week high of $56.67. The company has a market cap of $8.02 billion, a PE ratio of 24.98 and a beta of 1.73.

Leidos Holdings (NYSE:LDOS) last issued its quarterly earnings results on Thursday, May 4th. The aerospace company reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.10. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.54 billion. Leidos Holdings had a return on equity of 16.70% and a net margin of 3.16%. Leidos Holdings’s quarterly revenue was up 96.6% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. Analysts expect that Leidos Holdings will post $3.35 EPS for the current year.

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Several hedge funds have recently modified their holdings of LDOS. Nisa Investment Advisors LLC raised its stake in shares of Leidos Holdings by 12.1% in the first quarter. Nisa Investment Advisors LLC now owns 10,640 shares of the aerospace company’s stock valued at $544,000 after buying an additional 1,145 shares during the last quarter. Reilly Financial Advisors LLC raised its stake in shares of Leidos Holdings by 11.5% in the first quarter. Reilly Financial Advisors LLC now owns 19,175 shares of the aerospace company’s stock valued at $981,000 after buying an additional 1,980 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Leidos Holdings by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 36,100 shares of the aerospace company’s stock valued at $1,846,000 after buying an additional 800 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of Leidos Holdings by 15.6% in the first quarter. Capstone Asset Management Co. now owns 14,086 shares of the aerospace company’s stock valued at $720,000 after buying an additional 1,900 shares during the last quarter. Finally, Regentatlantic Capital LLC raised its stake in shares of Leidos Holdings by 23.8% in the first quarter. Regentatlantic Capital LLC now owns 53,257 shares of the aerospace company’s stock valued at $2,724,000 after buying an additional 10,241 shares during the last quarter. Hedge funds and other institutional investors own 74.66% of the company’s stock.

Leidos Holdings Company Profile

Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.

Analyst Recommendations for Leidos Holdings (NYSE:LDOS)

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