UBS Sticks to Their Hold Rating for Leidos Holdings (LDOS)
In a report released today, Gavin Parsons from UBS maintained a Hold rating on Leidos Holdings, with a price target of $124.00.
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Parsons covers the Industrials sector, focusing on stocks such as Boeing, General Dynamics, and Woodward. According to TipRanks, Parsons has an average return of 11.3% and a 63.97% success rate on recommended stocks.
In a report released on June 17, Bank of America Securities also downgraded the stock to a Hold with a $125.00 price target.
Based on Leidos Holdings’ latest earnings release for the quarter ending April 3, the company reported a quarterly revenue of $4.4 billion and a net profit of $328 million. In comparison, last year the company earned a revenue of $4.25 billion and had a net profit of $363 million
Based on the recent corporate insider activity of 108 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LDOS in relation to earlier this year. Last month, Gary Stephen May, a Director at LDOS sold 1,484.00 shares for a total of $197,001.00.
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