In a report released today, Cai Rumohr from Cowen & Co. maintained a Buy rating on Leidos Holdings (NYSE: LDOS), with a price target of $72. The company’s shares closed yesterday at $62.04.
According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 15.0% and a 67.9% 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 $81.75.
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Based on Leidos Holdings’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $2.52 billion and quarterly net profit of $114 million. In comparison, last year the company earned revenue of $2.58 billion and had a net profit of $72 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. It operates through the following business segments: Health, Defensive Solutions, Civil, and Corporate. The Health segment offers solutions to federal and commercial customers that are responsible for the health and wellbeing of people worldwide including service members and veterans. The Defensive Solutions segment focuses on deploying agile, cost-effective solutions to meet the ever-changing missions of the company’s customers in areas of intelligence surveillance and reconnaissance, enterprise IT and integrated systems and cybersecurity and global services. The Corporate segment includes the operations of various corporate activities, certain expense items that are not reimbursed by its U.S. Government customers. The company was founded by John Robert Beyster on February 3, 1969 and is headquartered in Reston, VA.
