Leidos Holdings (LDOS) Received its Third Buy in a Row

By Ryan Adsit

After Credit Suisse and Wells Fargo gave Leidos Holdings (NYSE: LDOS) a Buy rating last month, the company received another Buy, this time from Cowen & Co. Analyst Cai Rumohr maintained a Buy rating on Leidos Holdings today and set a price target of $80. The company’s shares closed yesterday at $74.30, close to its 52-week high of $75.80.

According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 13.7% and a 69.3% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and L3 Technologies Inc.

Leidos Holdings has an analyst consensus of Strong Buy, with a price target consensus of $79.50, implying a 7.0% upside from current levels. In a report released today, Credit Suisse also reiterated a Buy rating on the stock with a $88 price target.

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The company has a one-year high of $75.80 and a one-year low of $50.33. Currently, Leidos Holdings has an average volume of 997.8K.

Based on the recent corporate insider activity of 80 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. Most recently, in March 2019, Lawrence Nussdorf, a Director at LDOS bought 10,886 shares for a total of $273,130.

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. 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.