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 opened today at $60.88.
According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 16.7% and a 75.4% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and L3 Technologies Inc.
Currently, the analyst consensus on Leidos Holdings is Strong Buy and the average price target is $77.25, representing a 26.9% upside.
In a report issued on May 8, Goldman Sachs also maintained a Buy rating on the stock with a $82 price target.
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Leidos Holdings’ market cap is currently $9.24B and has a P/E ratio of 23.64. The company has a Price to Book ratio of 2.69.
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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.
