Leidos Holdings, Inc. (LDOS) Monthly Stock Update
Publication Date: September 22, 2024
Company Overview
Leidos Holdings, Inc. (NASDAQ: LDOS), based in Reston, Virginia, is a prominent player in the information technology services sector of the broader technology industry. Founded in 1969, Leidos delivers a diverse array of services across defense, intelligence, civil, and health markets, catering to both U.S. and global clients. The company is structured into three main segments: Defense Solutions, which emphasizes national security and advanced technologies; Civil, offering IT solutions and systems integration; and Health, focused on critical health information and support services. With a substantial total revenue of approximately $16 billion, Leidos is recognized for its strong performance and adaptability in a dynamic market. Analysts are bullish, recommending a “buy” for LDOS stock, which is currently priced at $157.06, below the target high of $190.
Short Interest and Market Stability
Leidos Holdings shows a relatively low level of short interest, with 1,404,997 shares currently shorted, translating to roughly 1.38% of the total float, which consists of 134,714,000 shares outstanding. The stock’s short selling activity does not indicate significant concern among investors, reflecting a stable market profile. Moreover, the stock’s performance indicates a strong upward trajectory, sitting well above its fifty-two-week low of $89.22 and approaching its fifty-two-week high of $159.1. This signals positive momentum and may attract investors looking for growth opportunities.
Analyst Consensus and Future Outlook
Market analysts exhibit a strong consensus on Leidos’ potential, with a mean price target of $169.41 and a high target of $190.00, suggesting optimism related to its growth prospects. A total of 12 analysts have contributed opinions, yielding an average recommendation score classified as a “buy” with a recommendation mean of 1.8. The stock presents an attractive investment opportunity backed by robust financial metrics. While EBITDA data was unavailable for further assessment of profitability, the substantial $16 billion in total revenue reinforces the company’s sound financial foundation. As it nears its fifty-day moving average of $151.086, investors are encouraged to consider this upward trajectory as a cue for investment potential in Leidos Holdings.
| Metric | Value |
|---|---|
| Market Cap | $21.2b |
| Total Debt | $5.2b |
| Total Cash | $823.0m |
| Shares Outstanding | 134.7m |
| Float Shares | 133.5m |
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