Citigroup Begins Coverage on Leidos (NYSE:LDOS)

Investment analysts at Citigroup began coverage on shares of Leidos (NYSE:LDOS) in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm set a “buy” rating and a $218.00 price target on the aerospace company’s stock. Citigroup’s price objective would indicate a potential upside of 14.84% from the company’s current price.

A number of other equities research analysts have also issued reports on LDOS. Bank of America increased their price objective on shares of Leidos from $200.00 to $235.00 and gave the company a “buy” rating in a report on Friday, November 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Leidos in a research report on Monday. Argus upped their target price on Leidos from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Zacks Research downgraded Leidos from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Finally, Truist Financial reaffirmed a “buy” rating and issued a $220.00 price target (up previously from $200.00) on shares of Leidos in a report on Tuesday, November 4th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $205.42.

Leidos Stock Performance

Leidos stock traded down $0.70 during midday trading on Thursday, hitting $189.83. The stock had a trading volume of 1,152,307 shares, compared to its average volume of 743,718. The company has a market capitalization of $24.27 billion, a PE ratio of 17.71, a P/E/G ratio of 1.40 and a beta of 0.58. Leidos has a 52-week low of $123.62 and a 52-week high of $205.77. The firm’s fifty day moving average is $190.55 and its two-hundred day moving average is $175.83. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 0.94.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $3.05 EPS for the quarter, beating the consensus estimate of $2.61 by $0.44. Leidos had a net margin of 8.11% and a return on equity of 33.02%. The firm had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.28 billion. Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. On average, research analysts forecast that Leidos will post 10.62 EPS for the current year.

Hedge Funds Weigh In On Leidos

Several large investors have recently bought and sold shares of the stock. First Pacific Financial acquired a new stake in Leidos during the 2nd quarter valued at $27,000. Mather Group LLC. acquired a new stake in Leidos in the 3rd quarter valued at about $28,000. Raleigh Capital Management Inc. bought a new position in shares of Leidos in the second quarter worth about $29,000. True Wealth Design LLC grew its stake in shares of Leidos by 471.4% during the second quarter. True Wealth Design LLC now owns 200 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 165 shares during the last quarter. Finally, Wexford Capital LP bought a new position in Leidos in the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds 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.