Leonardo DRS, Inc. (NASDAQ:DRS) Receives $32.17 Average PT from Analysts

Shares of Leonardo DRS, Inc. (NASDAQ:DRS) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $32.17.

A number of brokerages recently weighed in on DRS. JPMorgan Chase & Co. lifted their price objective on shares of Leonardo DRS from $29.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Truist Financial lifted their price objective on shares of Leonardo DRS from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. BTIG Research lifted their price objective on shares of Leonardo DRS from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Robert W. Baird lifted their price objective on shares of Leonardo DRS from $30.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, Bank of America cut shares of Leonardo DRS from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $26.00 to $30.00 in a report on Tuesday, September 24th.

Leonardo DRS Trading Up 3.3 %

Shares of DRS stock opened at $36.59 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.11 and a quick ratio of 1.70. The firm has a market cap of $9.67 billion, a PE ratio of 49.45, a price-to-earnings-growth ratio of 2.26 and a beta of 0.95. The company has a 50-day moving average of $29.11 and a two-hundred day moving average of $26.73. Leonardo DRS has a 1-year low of $17.97 and a 1-year high of $36.92.

Leonardo DRS (NASDAQ:DRS) last announced its earnings results on Wednesday, October 30th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. The company had revenue of $812.00 million during the quarter, compared to analyst estimates of $775.44 million. Leonardo DRS had a net margin of 6.23% and a return on equity of 9.71%. Leonardo DRS’s revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.20 earnings per share. On average, analysts predict that Leonardo DRS will post 0.9 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blair William & Co. IL lifted its position in shares of Leonardo DRS by 1.1% during the 2nd quarter. Blair William & Co. IL now owns 36,850 shares of the company’s stock worth $940,000 after buying an additional 400 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Leonardo DRS by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 22,056 shares of the company’s stock worth $563,000 after buying an additional 424 shares during the last quarter. New York State Teachers Retirement System lifted its position in shares of Leonardo DRS by 6.9% during the 3rd quarter. New York State Teachers Retirement System now owns 6,722 shares of the company’s stock worth $190,000 after buying an additional 432 shares during the last quarter. Comerica Bank lifted its position in shares of Leonardo DRS by 23.7% during the 1st quarter. Comerica Bank now owns 2,750 shares of the company’s stock worth $61,000 after buying an additional 527 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its position in shares of Leonardo DRS by 7.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 8,942 shares of the company’s stock worth $252,000 after buying an additional 589 shares during the last quarter. Institutional investors and hedge funds own 18.76% of the company’s stock.

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.