Leidos (NYSE:LDOS) Downgraded by TD Cowen to “Hold”

Leidos (NYSE:LDOS) was downgraded by analysts at TD Cowen from a “buy” rating to a “hold” rating in a report issued on Wednesday, MarketBeat.com reports. They currently have a $165.00 price target on the aerospace company’s stock, down from their prior price target of $200.00. TD Cowen’s price objective indicates a potential upside of 13.21% from the company’s current price.

Other equities analysts also recently issued reports about the stock. 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. Wells Fargo & Company lowered their target price on Leidos from $230.00 to $205.00 and set an “overweight” rating for the company in a research note on Tuesday, November 26th. Barclays upped their price target on Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Citigroup raised their price objective on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Leidos has a consensus rating of “Moderate Buy” and an average target price of $179.07.

Leidos Trading Down 1.1 %

NYSE LDOS opened at $145.75 on Wednesday. The stock has a market cap of $19.45 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 1.04 and a beta of 0.66. Leidos has a fifty-two week low of $107.73 and a fifty-two week high of $202.90. The stock has a 50 day simple moving average of $161.51 and a two-hundred day simple moving average of $157.67. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.97. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The business had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter in the previous year, the business posted $2.03 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, analysts forecast that Leidos will post 9.89 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Noel B. Geer acquired 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was purchased at an average cost of $161.13 per share, with a total value of $322,260.00. Following the completion of the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $322,260. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Surya N. Mohapatra sold 2,748 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $194.97, for a total transaction of $535,777.56. Following the transaction, the director now owns 20,001 shares in the company, valued at approximately $3,899,594.97. This trade represents a 12.08 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Institutional Trading of Leidos

A number of hedge funds have recently bought and sold shares of the company. Rakuten Securities Inc. grew its stake in shares of Leidos by 1,460.0% during the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 146 shares during the period. Ashton Thomas Securities LLC bought a new stake in Leidos during the third quarter valued at approximately $29,000. Northwest Investment Counselors LLC purchased a new stake in Leidos during the third quarter valued at approximately $30,000. 1832 Asset Management L.P. bought a new position in Leidos in the second quarter worth approximately $34,000. Finally, Kathleen S. Wright Associates Inc. purchased a new position in shares of Leidos during the 3rd quarter worth $46,000. Hedge funds and other institutional investors 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.