Leidos Holdings Gets a Buy Rating from Cowen & Co.

By Ryan Adsit

Cowen & Co. analyst Cai Rumohr assigned a Buy rating to Leidos Holdings (NYSE: LDOS) today and set a price target of $72. The company’s shares closed yesterday at $64.74, close to its 52-week high of $65.27.

According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 17.8% and a 79.7% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and Lockheed Martin Corp.

Leidos Holdings has an analyst consensus of Strong Buy, with a price target consensus of $71.60.

The company has a one-year high of $65.27 and a one-year low of $47.81. Currently, Leidos Holdings has an average volume of 757.2K.

Based on the recent corporate insider activity of 75 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 4,990 shares for a total of $160,379.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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