Drexel Hamilton Maintains a Buy Rating on Leidos Holdings (LDOS)

By Carrie Williams

Drexel Hamilton analyst David Williams maintained a Buy rating on Leidos Holdings (LDOSResearch Report) today and set a price target of $75. The company’s shares closed yesterday at $62.95.

Williams observed:

“We are encouraged to see some of the higher margin profile within existing programs becoming more evident.”

According to TipRanks.com, Williams is a 4-star analyst with an average return of 7.3% and a 73.7% success rate. Williams covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Mercury Systems Inc, and Kratos Defense.

Leidos Holdings has an analyst consensus of Strong Buy, with a price target consensus of $73, which is a 16.0% upside from current levels. In a report issued on February 8, Cowen & Co. also maintained a Buy rating on the stock with a $70 price target.

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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 $2.52 billion and had a net profit of $114 million.

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Leidos Holdings, Inc. is a holding company, which engages in the provision of 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.