Leidos (NYSE:LDOS) Now Covered by Analysts at Citigroup

by · The Markets Daily

Citigroup assumed coverage on shares of Leidos (NYSE:LDOS – Free Report) in a research note released on Thursday, MarketBeat reports. The brokerage issued a buy rating and a $218.00 price target on the aerospace company’s stock.

LDOS has been the subject of several other research reports. Bank of America raised their price objective on shares of Leidos from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Zacks Research downgraded shares of Leidos from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Truist Financial reaffirmed a “buy” rating and issued a $220.00 target price (up from $200.00) on shares of Leidos in a research note on Tuesday, November 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Leidos in a report on Monday. Finally, Cantor Fitzgerald upped their target price on Leidos from $185.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $205.42.

Read Our Latest Stock Report on LDOS

Leidos Trading Down 0.4%

Shares of NYSE:LDOS opened at $189.83 on Thursday. The business has a 50-day moving average price of $190.55 and a 200-day moving average price of $175.83. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 0.94. The stock has a market cap of $24.27 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.40 and a beta of 0.58. Leidos has a 52-week low of $123.62 and a 52-week high of $205.77.

Leidos (NYSE:LDOS – Get Free Report) last released its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.61 by $0.44. The company had revenue of $4.47 billion for the quarter, compared to analysts’ expectations of $4.28 billion. Leidos had a net margin of 8.11% and a return on equity of 33.02%. Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. Equities analysts predict that Leidos will post 10.62 EPS for the current year.

Leidos Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a dividend of $0.43 per share. This is an increase from Leidos’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, December 15th. Leidos’s payout ratio is presently 14.93%.

Institutional Trading of Leidos

Several large investors have recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new stake in shares of Leidos in the third quarter valued at about $28,000. Wexford Capital LP purchased a new stake in shares of Leidos during the third quarter valued at approximately $32,000. First Pacific Financial acquired a new position in shares of Leidos during the second quarter worth $27,000. Raleigh Capital Management Inc. purchased a new position in shares of Leidos in the second quarter valued at $29,000. Finally, True Wealth Design LLC grew its holdings in Leidos by 471.4% during the 2nd quarter. True Wealth Design LLC now owns 200 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 165 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Company Profile

(Get Free Report)

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.

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