Cowen & Co. Maintains Their Buy Rating on Leidos Holdings (LDOS)

By Carrie Williams

Cowen & Co. analyst Cai Rumohr maintained a Buy rating on Leidos Holdings (LDOSResearch Report) today and set a price target of $77. The company’s shares opened today at $67.65.

According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 14.2% and a 72.0% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and Spirit AeroSystems.

Currently, the analyst consensus on Leidos Holdings is a Strong Buy with an average price target of $74.

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Based on Leidos Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.65 billion and net profit of $188 million. In comparison, last year the company earned revenue of $2.44 billion and had a net profit of $102 million.

Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LDOS in relation to earlier this year. Last month, Lawrence Nussdorf, a Director at LDOS bought 10,886 shares for a total of $273,130.

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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: Defensive Solutions, Civil, and Health.