Argus Starts Leidos Holdings (LDOS) at Buy

September 7, 2016 7:27 AM EDT
Get Alerts LDOS Hot Sheet
Price: $49.82 +0.81%

Rating Summary:
    7 Buy, 3 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
Trade LDOS Now!
Join SI Premium – FREE

Get daily under-the-radar research with's Stealth Growth Insider Get your 2-Wk Free Trial here.

Argus initiates coverage on Leidos Holdings (NYSE: LDOS) with a Buy rating and a price target of $54.00.

The firm notes Leidos recently merged with Lockheed’s Information Systems & Global Solutions unit. They have a positive view of the merger, which should reduce the combined company’s dependence on government contracts and provide significant revenue and cost synergies.

LDOS is trading at just 12.9-times the firm's 2017 EPS forecast, well below the average of 20.5 for peer IT services companies.

For an analyst ratings summary and ratings history on Leidos Holdings click here. For more ratings news on Leidos Holdings click here.

Shares of Leidos Holdings closed at $41.55 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, New Coverage

Related Entities

Argus, Definitive Agreement

Add Your Comment