Leonardo DRS (NASDAQ:DRS) Receives New Coverage from Analysts at BTIG Research

BTIG Research began coverage on shares of Leonardo DRS (NASDAQ:DRS) in a report published on Wednesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $30.00 target price on the stock.

Several other equities research analysts have also commented on the company. Bank of America upped their target price on Leonardo DRS from $22.00 to $26.00 and gave the company a buy rating in a research report on Friday, March 15th. Morgan Stanley started coverage on Leonardo DRS in a research note on Friday, May 24th. They set an equal weight rating and a $26.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on Leonardo DRS from $25.00 to $24.00 and set a neutral rating on the stock in a research note on Friday, March 15th. Finally, Truist Financial upped their price target on Leonardo DRS from $25.00 to $27.00 and gave the stock a buy rating in a research note on Wednesday, June 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $26.60.

Leonardo DRS Stock Up 2.1 %

Shares of Leonardo DRS stock opened at $25.94 on Wednesday. Leonardo DRS has a one year low of $15.75 and a one year high of $26.63. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.96 and a quick ratio of 1.59. The stock’s 50-day moving average is $23.27 and its 200 day moving average is $21.50. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 37.06, a PEG ratio of 1.92 and a beta of 0.82.

Leonardo DRS (NASDAQ:DRS) last announced its earnings results on Wednesday, May 1st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. Leonardo DRS had a return on equity of 9.35% and a net margin of 6.28%. The company had revenue of $688.00 million for the quarter, compared to analyst estimates of $645.56 million. During the same quarter in the prior year, the company earned $0.07 EPS. The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year. Equities research analysts anticipate that Leonardo DRS will post 0.81 EPS for the current year.

Institutional Trading of Leonardo DRS

Institutional investors and hedge funds have recently modified their holdings of the stock. EntryPoint Capital LLC increased its position in shares of Leonardo DRS by 165.8% during the first quarter. EntryPoint Capital LLC now owns 1,656 shares of the company’s stock valued at $37,000 after acquiring an additional 1,033 shares during the last quarter. PNC Financial Services Group Inc. purchased a new stake in shares of Leonardo DRS during the fourth quarter valued at approximately $35,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Leonardo DRS during the first quarter valued at approximately $50,000. Comerica Bank increased its position in shares of Leonardo DRS by 23.7% during the first quarter. Comerica Bank now owns 2,750 shares of the company’s stock valued at $61,000 after acquiring an additional 527 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased a new stake in shares of Leonardo DRS during the fourth quarter valued at approximately $66,000. 18.76% of the stock is owned by hedge funds and other institutional investors.

About Leonardo DRS

Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.