Leidos (NYSE:LDOS) Price Target Cut to $121.00 by Analysts at Wells Fargo & Company

Leidos (NYSE:LDOS) had its price target lowered by Wells Fargo & Company from $129.00 to $121.00 in a report released on Monday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the aerospace company’s stock.

A number of other equities research analysts have also recently commented on the company. Citigroup increased their price target on Leidos from $107.00 to $124.00 and gave the company a buy rating in a research note on Wednesday, August 2nd. The Goldman Sachs Group raised their price objective on Leidos from $114.00 to $127.00 and gave the company a buy rating in a report on Thursday, August 3rd. Barclays raised their target price on Leidos from $90.00 to $106.00 and gave the company an equal weight rating in a research report on Tuesday, August 8th. JPMorgan Chase & Co. raised their target price on Leidos from $102.00 to $120.00 and gave the company an overweight rating in a research report on Wednesday, August 2nd. Finally, Stifel Nicolaus lifted their price objective on Leidos from $116.00 to $119.00 and gave the stock a buy rating in a research report on Friday, August 18th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Leidos currently has a consensus rating of Moderate Buy and an average target price of $112.70.

Leidos Trading Down 0.5 %

Shares of NYSE:LDOS opened at $93.58 on Monday. The stock has a market capitalization of $12.85 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 1.82 and a beta of 0.77. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.14 and a current ratio of 1.25. The stock’s 50-day simple moving average is $95.14 and its two-hundred day simple moving average is $89.95. Leidos has a 52-week low of $76.58 and a 52-week high of $110.91.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, August 1st. The aerospace company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.23. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.72 billion. Leidos had a return on equity of 20.97% and a net margin of 4.77%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned $1.59 EPS. Analysts expect that Leidos will post 6.64 EPS for the current year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.36 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a yield of 1.54%. Leidos’s dividend payout ratio is currently 28.13%.

Insiders Place Their Bets

In related news, Director Harry M. Jansen Kraemer, Jr. sold 3,098 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $96.95, for a total transaction of $300,351.10. Following the sale, the director now owns 84,277 shares of the company’s stock, valued at $8,170,655.15. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.52% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Leidos

Several institutional investors and hedge funds have recently added to or reduced their stakes in LDOS. Private Trust Co. NA lifted its stake in shares of Leidos by 123.4% in the 2nd quarter. Private Trust Co. NA now owns 286 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 158 shares during the last quarter. KB Financial Partners LLC acquired a new stake in shares of Leidos in the 1st quarter valued at $25,000. Chilton Capital Management LLC acquired a new stake in shares of Leidos in the 1st quarter valued at $27,000. Money Concepts Capital Corp lifted its stake in shares of Leidos by 548.8% in the 4th quarter. Money Concepts Capital Corp now owns 266 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 225 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Leidos by 49.3% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 339 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 112 shares during the last quarter. 74.71% of the stock is currently owned by hedge funds and other institutional investors.

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. 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.