Leidos (NYSE:LDOS) Cut to “Sell” at ValuEngine

ValuEngine lowered shares of Leidos (NYSE:LDOS) from a hold rating to a sell rating in a research report released on Tuesday, ValuEngine reports.

LDOS has been the subject of a number of other reports. Zacks Investment Research raised Leidos from a hold rating to a buy rating and set a $91.00 price objective for the company in a research report on Tuesday, September 17th. Morgan Stanley increased their target price on Leidos from $81.00 to $83.00 and gave the stock an equal weight rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. started coverage on Leidos in a research note on Tuesday, September 24th. They set a neutral rating and a $95.00 target price for the company. Barclays started coverage on Leidos in a research note on Friday, September 20th. They set an equal weight rating and a $97.00 target price for the company. Finally, Cowen reissued a buy rating and set a $89.00 target price on shares of Leidos in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $86.50.

Leidos stock traded up $1.20 during mid-day trading on Tuesday, reaching $87.20. 947,754 shares of the company were exchanged, compared to its average volume of 1,252,618. Leidos has a twelve month low of $50.33 and a twelve month high of $89.00. The firm’s 50-day simple moving average is $83.72 and its two-hundred day simple moving average is $80.76. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $11.78 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 2.22 and a beta of 1.51.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.17. Leidos had a return on equity of 21.12% and a net margin of 6.25%. The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period last year, the firm earned $1.14 EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, equities research analysts anticipate that Leidos will post 5 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Friday, December 13th. Leidos’s dividend payout ratio (DPR) is 31.05%.

In other news, Director Gary Stephen May sold 500 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $84.57, for a total transaction of $42,285.00. Following the completion of the transaction, the director now directly owns 9,166 shares of the company’s stock, valued at approximately $775,168.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.17% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cetera Advisor Networks LLC increased its stake in Leidos by 5.3% in the 3rd quarter. Cetera Advisor Networks LLC now owns 18,911 shares of the aerospace company’s stock valued at $1,624,000 after purchasing an additional 957 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in Leidos by 20.0% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,000 shares of the aerospace company’s stock valued at $258,000 after purchasing an additional 500 shares in the last quarter. Eqis Capital Management Inc. increased its stake in Leidos by 39.9% in the 3rd quarter. Eqis Capital Management Inc. now owns 3,743 shares of the aerospace company’s stock valued at $321,000 after purchasing an additional 1,068 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Leidos by 27.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,101,272 shares of the aerospace company’s stock valued at $180,456,000 after purchasing an additional 457,536 shares in the last quarter. Finally, Noesis Capital Mangement Corp purchased a new position in Leidos in the 3rd quarter valued at approximately $227,000. 74.82% of the stock is owned by hedge funds and other institutional investors.

About Leidos

Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It operates through three segments: Defense Solutions, Civil, and Health. 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Leidos (NYSE:LDOS)

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