Leidos Holdings, Inc. (NYSE:LDOS) had its price target hoisted by equities research analysts at Citigroup Inc. from $65.00 to $71.00 in a report issued on Friday. The firm currently has a “buy” rating on the aerospace company’s stock. Citigroup Inc.’s price objective indicates a potential upside of 11.53% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. Cowen and Company reiterated a “buy” rating and issued a $68.00 price target on shares of Leidos Holdings in a research note on Thursday. Wells Fargo & Company upgraded Leidos Holdings from a “market perform” rating to an “outperform” rating and set a $69.00 price target for the company in a research note on Wednesday, October 25th. BidaskClub cut Leidos Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Zacks Investment Research cut Leidos Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, TheStreet upgraded Leidos Holdings from a “c+” rating to a “b+” rating in a research note on Monday, October 2nd. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $65.55.

Leidos Holdings (NYSE:LDOS) traded up $0.83 during trading on Friday, reaching $63.66. The company’s stock had a trading volume of 897,129 shares, compared to its average volume of 722,026. The company has a market cap of $9.50 billion, a PE ratio of 17.35 and a beta of 1.69.

Leidos Holdings (NYSE:LDOS) last released its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.14. Leidos Holdings had a return on equity of 17.36% and a net margin of 3.04%. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the business posted $1.25 earnings per share. The firm’s revenue was up 34.0% compared to the same quarter last year. sell-side analysts forecast that Leidos Holdings will post 3.63 earnings per share for the current year.

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In other news, VP Jerald S. Howe, Jr. acquired 2,000 shares of Leidos Holdings stock in a transaction dated Monday, August 21st. The stock was purchased at an average cost of $55.32 per share, for a total transaction of $110,640.00. Following the completion of the purchase, the vice president now directly owns 2,000 shares in the company, valued at approximately $110,640. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gary Stephen May sold 800 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $55.75, for a total value of $44,600.00. Following the completion of the transaction, the director now owns 6,680 shares of the company’s stock, valued at $372,410. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Leidos Holdings by 0.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock worth $102,000 after purchasing an additional 18 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of Leidos Holdings by 2.0% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,191 shares of the aerospace company’s stock worth $113,000 after purchasing an additional 44 shares during the last quarter. Cadence Capital Management LLC raised its stake in shares of Leidos Holdings by 0.4% in the second quarter. Cadence Capital Management LLC now owns 15,546 shares of the aerospace company’s stock worth $804,000 after purchasing an additional 67 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Leidos Holdings by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,940 shares of the aerospace company’s stock worth $1,082,000 after purchasing an additional 75 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Leidos Holdings by 0.8% in the second quarter. IFP Advisors Inc now owns 10,212 shares of the aerospace company’s stock worth $528,000 after purchasing an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 74.69% of the company’s stock.

Leidos Holdings Company Profile

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.

Analyst Recommendations for Leidos Holdings (NYSE:LDOS)

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