Leidos Holdings, Inc. (LDOS) Hits New 52-Week High at $57.73
Leidos Holdings, Inc. (NYSE:LDOS)’s share price reached a new 52-week high on Monday . The stock traded as high as $57.73 and last traded at $57.67, with a volume of 814,508 shares changing hands. The stock had previously closed at $56.68.
Several research firms have weighed in on LDOS. Goldman Sachs Group, Inc. (The) raised Leidos Holdings from a “neutral” rating to a “buy” rating and lifted their target price for the company from $61.00 to $68.00 in a research note on Thursday. Cowen and Company reaffirmed an “outperform” rating and set a $66.00 target price (up previously from $62.00) on shares of Leidos Holdings in a research note on Wednesday, August 9th. Zacks Investment Research raised Leidos Holdings from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Saturday, August 5th. Finally, BidaskClub cut Leidos Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $58.50.
The stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of 25.75 and a beta of 1.73. The company’s 50 day moving average is $53.54 and its 200 day moving average is $52.89.
Leidos Holdings (NYSE:LDOS) last posted its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.27. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Leidos Holdings had a return on equity of 17.35% and a net margin of 3.34%. The business’s revenue was up 99.6% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. Equities analysts expect that Leidos Holdings, Inc. will post $3.55 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of LDOS. Capstone Asset Management Co. increased its position in Leidos Holdings by 15.6% in the first quarter. Capstone Asset Management Co. now owns 14,086 shares of the aerospace company’s stock worth $720,000 after buying an additional 1,900 shares in the last quarter. Reilly Financial Advisors LLC increased its position in Leidos Holdings by 11.5% in the first quarter. Reilly Financial Advisors LLC now owns 19,175 shares of the aerospace company’s stock worth $981,000 after buying an additional 1,980 shares in the last quarter. Weiss Multi Strategy Advisers LLC bought a new position in Leidos Holdings during the first quarter worth $6,956,000. United Services Automobile Association bought a new position in Leidos Holdings during the first quarter worth $565,000. Finally, Swiss National Bank increased its position in Leidos Holdings by 1.0% in the first quarter. Swiss National Bank now owns 223,776 shares of the aerospace company’s stock worth $11,444,000 after buying an additional 2,200 shares in the last quarter. Hedge funds and other institutional investors own 74.29% of the company’s stock.
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About Leidos Holdings
Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.
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