Wells Fargo analyst Matthew Akers maintained a Buy rating on Leidos Holdings (LDOS – Research Report) today and set a price target of $147.00. The company’s shares closed yesterday at $129.01.
Akers covers the Industrials sector, focusing on stocks such as General Electric, Raytheon Technologies, and Hexcel. According to TipRanks, Akers has an average return of 21.7% and an 83.33% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Leidos Holdings with a $139.54 average price target, implying an 8.16% upside from current levels. In a report released on March 27, Bank of America Securities also assigned a Buy rating to the stock with a $145.00 price target.
Based on Leidos Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.98 billion and a net profit of $229 million. In comparison, last year the company earned a revenue of $3.7 billion and had a net profit of $177 million
Based on the recent corporate insider activity of 133 insiders, corporate insider sentiment is neutral on the stock. Most recently, in February 2024, Noel Williams, a Director at LDOS bought 4,788.00 shares for a total of $252,327.60.
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Leidos Holdings (LDOS) Company Description:
Leidos Holdings, Inc. is a holding company, which engages in the provision of scientific, engineering and information technology services and solutions in the areas of defense, intelligence, civil and health markets. It operates through the following three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment focuses on deploying agile, cost-effective solutions to meet the ever-changing missions of the company’s customers in areas of intelligence surveillance and reconnaissance, enterprise IT and integrated systems and cybersecurity and global services. The Civil segment focuses on seamlessly integrating and protecting physical, digital and data domains. The Health segment offers solutions to federal and commercial customers that are responsible for the health and wellbeing of people worldwide including service members and veterans. The company was founded by John Robert Beyster on February 3, 1969 and is headquartered in Reston, VA.
