Citigroup cut shares of Leidos (NYSE:LDOS) from a buy rating to a neutral rating in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have $83.00 price objective on the aerospace company’s stock, up from their prior price objective of $75.00.
A number of other equities research analysts have also weighed in on the stock. Morgan Stanley lowered shares of Meili from an equal weight rating to an underweight rating and decreased their target price for the company from $14.00 to $4.20 in a research note on Monday, June 3rd. Argus boosted their price objective on shares of Leidos to $82.00 and gave the company a positive rating in a research report on Thursday, May 16th. Wells Fargo & Co reissued a buy rating and set a $115.00 price objective on shares of Tractor Supply in a research report on Wednesday, May 15th. Credit Suisse Group reissued a buy rating and set a $29.00 price objective on shares of Clovis Oncology in a research report on Wednesday, May 15th. Finally, ValuEngine raised shares of VESTAS WIND SYS/ADR from a hold rating to a buy rating in a research report on Thursday, May 9th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $80.56.
Shares of LDOS opened at $81.94 on Tuesday. The stock has a market cap of $11.75 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 2.36 and a beta of 1.56. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.23 and a current ratio of 1.23. The company’s fifty day moving average is $78.70. Leidos has a 1-year low of $50.33 and a 1-year high of $82.50.
Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, April 30th. The aerospace company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.13. The business had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.49 billion. Leidos had a net margin of 6.47% and a return on equity of 20.08%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 EPS. Research analysts expect that Leidos will post 4.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.56%. The ex-dividend date was Thursday, June 13th. Leidos’s dividend payout ratio is currently 29.22%.
A number of institutional investors have recently modified their holdings of LDOS. Lunia Capital LP boosted its holdings in Leidos by 5,549.2% in the 4th quarter. Lunia Capital LP now owns 17,376,986 shares of the aerospace company’s stock worth $17,377,000 after buying an additional 17,069,387 shares during the period. Norges Bank bought a new position in Leidos in the 4th quarter worth $78,454,000. First Trust Advisors LP boosted its holdings in Leidos by 105.2% in the 1st quarter. First Trust Advisors LP now owns 1,415,365 shares of the aerospace company’s stock worth $90,711,000 after buying an additional 725,477 shares during the period. Ronna Sue Cohen boosted its holdings in Leidos by 6,309.0% in the 1st quarter. Ronna Sue Cohen now owns 699,414 shares of the aerospace company’s stock worth $699,000 after buying an additional 688,501 shares during the period. Finally, Gotham Asset Management LLC bought a new position in Leidos in the 4th quarter worth $13,972,000. 74.62% of the stock is owned by institutional investors.
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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