Leidos Holdings (LDOS) Receives a Buy from Cowen & Co.

By Ryan Adsit

Cowen & Co. analyst Cai Rumohr maintained a Buy rating on Leidos Holdings (NYSE: LDOS) today and set a price target of $77. The company’s shares closed yesterday at $67.63.

According to TipRanks.com, Rumohr is a top 100 analyst with an average return of 17.0% and a 75.3% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and L3 Technologies Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Leidos Holdings with a $77.50 average price target.

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Based on Leidos Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.53 billion and net profit of $144 million. In comparison, last year the company earned revenue of $2.5 billion and had a net profit of $82 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.