Leidos (LDOS) PT Raised to $85.00 at Wells Fargo & Co

Leidos (NYSE:LDOS) had its price target boosted by Wells Fargo & Co from $80.00 to $85.00 in a research report released on Wednesday morning, The Fly reports. Wells Fargo & Co currently has a positive rating on the aerospace company’s stock.

A number of other analysts have also recently issued reports on LDOS. Zacks Investment Research raised Leidos from a sell rating to a hold rating in a research report on Friday, January 25th. ValuEngine raised Leidos from a sell rating to a hold rating in a research report on Monday, February 4th. Cowen reaffirmed a buy rating and issued a $70.00 price objective on shares of Leidos in a research report on Tuesday, February 19th. Drexel Hamilton reaffirmed a buy rating and issued a $75.00 price objective on shares of Leidos in a research report on Friday, February 22nd. Finally, Goldman Sachs Group reaffirmed a neutral rating and issued a $75.00 price objective on shares of Leidos in a research report on Thursday, May 9th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Leidos presently has a consensus rating of Buy and an average price target of $79.71.

LDOS opened at $75.99 on Wednesday. Leidos has a 12-month low of $50.33 and a 12-month high of $76.75. The company has a market capitalization of $10.96 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 1.89 and a beta of 1.74. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.90.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, April 30th. The aerospace company reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.13. Leidos had a return on equity of 20.08% and a net margin of 6.47%. The company had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period last year, the firm posted $1.03 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts anticipate that Leidos will post 4.58 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.32 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.68%. Leidos’s dividend payout ratio (DPR) is currently 29.22%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Advisor Networks LLC increased its stake in shares of Leidos by 0.8% during the first quarter. Cetera Advisor Networks LLC now owns 18,216 shares of the aerospace company’s stock worth $1,169,000 after purchasing an additional 151 shares during the period. Proffitt & Goodson Inc. increased its stake in shares of Leidos by 0.7% during the first quarter. Proffitt & Goodson Inc. now owns 26,428 shares of the aerospace company’s stock worth $1,694,000 after purchasing an additional 177 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Leidos by 1.6% during the first quarter. State of Alaska Department of Revenue now owns 15,226 shares of the aerospace company’s stock worth $975,000 after purchasing an additional 233 shares during the period. Somerset Trust Co increased its stake in shares of Leidos by 150.6% during the first quarter. Somerset Trust Co now owns 436 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 262 shares during the period. Finally, Daiwa Securities Group Inc. increased its stake in shares of Leidos by 6.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 5,250 shares of the aerospace company’s stock worth $277,000 after purchasing an additional 300 shares during the period. Institutional investors own 76.72% of the company’s stock.

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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