Leidos (NYSE:LDOS) Price Target Raised to $235.00 at Bank of America

Leidos (NYSE:LDOS) had its target price upped by research analysts at Bank of America from $200.00 to $235.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the aerospace company’s stock. Bank of America‘s price objective suggests a potential upside of 20.10% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Cantor Fitzgerald boosted their target price on shares of Leidos from $185.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Wall Street Zen downgraded shares of Leidos from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Zacks Research cut shares of Leidos from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Argus upped their price objective on shares of Leidos from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Finally, UBS Group upped their price target on Leidos from $209.00 to $216.00 and gave the company a “neutral” rating in a research report on Wednesday. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Leidos has an average rating of “Moderate Buy” and an average price target of $199.23.

Leidos Stock Performance

Shares of LDOS stock traded up $0.91 on Friday, hitting $195.67. 101,985 shares of the stock were exchanged, compared to its average volume of 1,216,269. Leidos has a one year low of $123.62 and a one year high of $205.77. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 0.94. The firm’s 50 day moving average is $187.61 and its two-hundred day moving average is $168.89. The firm has a market capitalization of $25.02 billion, a PE ratio of 18.24, a P/E/G ratio of 1.80 and a beta of 0.69.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, November 4th. The aerospace company reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.44. The firm had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Leidos had a return on equity of 33.02% and a net margin of 8.11%. Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. Sell-side analysts expect that Leidos will post 10.62 earnings per share for the current fiscal year.

Insider Activity at Leidos

In other news, insider Stephen Edward Hull sold 12,497 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $178.14, for a total value of $2,226,215.58. Following the completion of the sale, the insider directly owned 25,817 shares in the company, valued at $4,599,040.38. The trade was a 32.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory R. Dahlberg sold 952 shares of Leidos stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $177.43, for a total value of $168,913.36. Following the completion of the transaction, the director directly owned 21,068 shares of the company’s stock, valued at approximately $3,738,095.24. This represents a 4.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 15,449 shares of company stock valued at $2,751,229. Corporate insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Leidos

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Harbor Capital Advisors Inc. raised its holdings in shares of Leidos by 2.7% during the third quarter. Harbor Capital Advisors Inc. now owns 2,203 shares of the aerospace company’s stock worth $416,000 after acquiring an additional 57 shares in the last quarter. Personal CFO Solutions LLC boosted its stake in shares of Leidos by 2.0% in the 2nd quarter. Personal CFO Solutions LLC now owns 2,974 shares of the aerospace company’s stock valued at $469,000 after purchasing an additional 59 shares during the last quarter. Beacon Pointe Advisors LLC boosted its stake in Leidos by 3.7% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 1,639 shares of the aerospace company’s stock worth $259,000 after acquiring an additional 59 shares during the last quarter. Atlantic Union Bankshares Corp raised its holdings in shares of Leidos by 0.7% during the third quarter. Atlantic Union Bankshares Corp now owns 8,243 shares of the aerospace company’s stock worth $1,558,000 after acquiring an additional 61 shares during the period. Finally, CX Institutional boosted its holdings in shares of Leidos by 4.3% in the 3rd quarter. CX Institutional now owns 1,503 shares of the aerospace company’s stock valued at $284,000 after buying an additional 62 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

About Leidos

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.