Cowen & Co. Believes Leidos Holdings (NYSE: LDOS) Still Has Room to Grow

By Carrie Williams

In a report released today, Cai Rumohr from Cowen & Co. reiterated a Buy rating on Leidos Holdings (NYSE: LDOS), with a price target of $68. The company’s shares closed yesterday at $62.14, close to its 52-week high of $62.66.

According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 16.3% and a 79.8% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Lockheed Martin Corp, and Transdigm Group Inc.

Currently, the analyst consensus on Leidos Holdings is Strong Buy and the average price target is $67.25, representing an 8.2% upside.

In a report issued on October 5, Jefferies also upgraded the stock to Buy with a $75 price target.

Leidos Holdings’ market cap is currently $9.38B and has a P/E ratio of 27.02. The company has a book value ratio of 2.9104.

Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is neutral on the stock.

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Leidos Holdings, Inc. operates as a holding company. It provides scientific, engineering, systems integration and technical services and solutions in the areas of defense, health, energy, infrastructure, intelligence, surveillance, reconnaissance and cyber security to agencies of the U.S. Department of defense, the intelligence community, the U.S. department