Cantor Fitzgerald Begins Coverage on Leidos (NYSE:LDOS)

Equities researchers at Cantor Fitzgerald assumed coverage on shares of Leidos (NYSE:LDOS) in a report issued on Friday,Briefing.com Automated Import reports. The brokerage set an “overweight” rating and a $185.00 price target on the aerospace company’s stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 31.56% from the company’s previous close.

LDOS has been the subject of several other reports. Robert W. Baird boosted their price objective on shares of Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Royal Bank of Canada boosted their price target on Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Wells Fargo & Company reduced their price objective on Leidos from $205.00 to $199.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. UBS Group initiated coverage on Leidos in a research report on Monday, December 2nd. They set a “neutral” rating and a $182.00 target price for the company. Finally, The Goldman Sachs Group downgraded shares of Leidos from a “buy” rating to a “neutral” rating and cut their target price for the company from $228.00 to $153.00 in a research report on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $179.47.

Leidos Stock Down 0.5 %

NYSE:LDOS opened at $140.62 on Friday. The stock has a fifty day simple moving average of $150.67 and a 200-day simple moving average of $157.90. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. The company has a market cap of $18.76 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 0.93 and a beta of 0.66. Leidos has a twelve month low of $111.95 and a twelve month high of $202.90.

Insider Transactions at Leidos

In other news, Director Noel B. Geer bought 2,000 shares of Leidos stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $322,260. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LDOS. State Street Corp raised its position in Leidos by 1.0% during the 3rd quarter. State Street Corp now owns 5,800,357 shares of the aerospace company’s stock worth $945,458,000 after buying an additional 56,066 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Leidos by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock valued at $571,216,000 after buying an additional 405,256 shares during the period. Geode Capital Management LLC grew its holdings in Leidos by 1.3% during the third quarter. Geode Capital Management LLC now owns 3,365,903 shares of the aerospace company’s stock worth $546,912,000 after acquiring an additional 42,358 shares during the period. FMR LLC grew its holdings in Leidos by 27.8% during the third quarter. FMR LLC now owns 2,405,726 shares of the aerospace company’s stock worth $392,133,000 after acquiring an additional 522,764 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Leidos by 2.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,153,420 shares of the aerospace company’s stock valued at $351,007,000 after acquiring an additional 53,307 shares during the period. 76.12% of the stock is owned by institutional investors and hedge funds.

Leidos Company Profile

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.