UBS Group Initiates Coverage on Leidos (NYSE:LDOS)

Analysts at UBS Group assumed coverage on shares of Leidos (NYSE:LDOS) in a report issued on Monday, MarketBeat.com reports. The firm set a “neutral” rating and a $182.00 price target on the aerospace company’s stock. UBS Group’s price target would suggest a potential upside of 10.88% from the stock’s previous close.

LDOS has been the subject of a number of other reports. Bank of America boosted their target price on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Wells Fargo & Company dropped their target price on shares of Leidos from $230.00 to $205.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 26th. Truist Financial decreased their price target on shares of Leidos from $205.00 to $185.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. JPMorgan Chase & Co. boosted their price target on Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Finally, TD Cowen raised their price objective on Leidos from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $187.36.

Leidos Stock Performance

Shares of NYSE:LDOS opened at $164.14 on Monday. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $21.90 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.10 and a beta of 0.64. Leidos has a 12 month low of $105.52 and a 12 month high of $202.90. The firm’s 50-day moving average is $171.50 and its 200 day moving average is $157.17.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the prior year, the business posted $2.03 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Research analysts predict that Leidos will post 10.04 EPS for the current year.

Insider Activity at Leidos

In other news, Director Surya N. Mohapatra sold 2,748 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $194.97, for a total transaction of $535,777.56. Following the sale, the director now owns 20,001 shares in the company, valued at approximately $3,899,594.97. The trade was a 12.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Noel B. Geer acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average cost of $161.13 per share, with a total value of $322,260.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at $322,260. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Fiduciary Trust Co grew its holdings in shares of Leidos by 36.4% during the third quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company’s stock valued at $3,902,000 after buying an additional 6,395 shares during the last quarter. Atria Investments Inc grew its stake in Leidos by 100.1% during the 3rd quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company’s stock valued at $1,440,000 after purchasing an additional 4,421 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Leidos by 51.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company’s stock valued at $136,491,000 after purchasing an additional 283,558 shares during the period. Los Angeles Capital Management LLC raised its stake in shares of Leidos by 21.4% in the third quarter. Los Angeles Capital Management LLC now owns 55,165 shares of the aerospace company’s stock worth $8,992,000 after purchasing an additional 9,710 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Leidos by 188.2% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,274 shares of the aerospace company’s stock worth $1,207,000 after purchasing an additional 5,403 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

About Leidos

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.