Leidos (NYSE:LDOS) Price Target Lowered to $191.00 at Wells Fargo & Company

Leidos (NYSE:LDOS) had its price objective lowered by analysts at Wells Fargo & Company from $197.00 to $191.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the aerospace company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 46.18% from the company’s current price.

LDOS has been the subject of a number of other research reports. TD Cowen lowered Leidos from a “buy” rating to a “hold” rating and lowered their target price for the stock from $200.00 to $165.00 in a report on Wednesday, January 8th. UBS Group reduced their price objective on shares of Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Robert W. Baird upped their price target on Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Truist Financial reduced their target price on Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Finally, Cantor Fitzgerald upgraded shares of Leidos to a “strong-buy” rating in a report on Tuesday. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.87.

Leidos Price Performance

NYSE:LDOS opened at $130.67 on Wednesday. The firm has a market capitalization of $17.14 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 1.65 and a beta of 0.66. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. The business has a 50 day simple moving average of $143.49 and a 200-day simple moving average of $156.63. Leidos has a 1 year low of $123.22 and a 1 year high of $202.90.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that Leidos will post 10.62 EPS for the current year.

Insider Transactions at Leidos

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

Institutional Investors Weigh In On Leidos

Several institutional investors have recently added to or reduced their stakes in the business. Rakuten Securities Inc. increased its stake in Leidos by 1,460.0% in the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 146 shares during the period. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Leidos during the fourth quarter worth about $25,000. Duncker Streett & Co. Inc. acquired a new position in Leidos in the 4th quarter valued at about $27,000. Ashton Thomas Securities LLC purchased a new stake in Leidos during the 3rd quarter valued at approximately $29,000. Finally, Berbice Capital Management LLC purchased a new position in shares of Leidos in the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors 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.