Cowen & Co. Sticks to Its Buy Rating for Leidos Holdings

By Austin Angelo

In a report released yesterday, Cai Rumohr from Cowen & Co. reiterated a Buy rating on Leidos Holdings (NYSE: LDOS), with a price target of $66. The company’s shares closed yesterday at $57.33, close to its 52-week high of $58.94.

According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 14.1% and a 77.0% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Lockheed Martin Corp, and Transdigm Group Inc.

Leidos Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $60.

The company has a one year high of $58.94 and a one year low of $40.96. Currently, Leidos Holdings has an average volume of 1.02M.

Based on the recent corporate insider activity of 73 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