Leonardo DRS (NASDAQ:DRS – Get Free Report) had its target price boosted by Truist Financial from $22.00 to $24.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target would suggest a potential upside of 28.62% from the stock’s previous close.
Separately, Bank of America began coverage on Leonardo DRS in a report on Wednesday, September 27th. They set a “buy” rating and a $20.00 target price for the company. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $19.50.
View Our Latest Stock Report on Leonardo DRS
Leonardo DRS Stock Performance
DRS opened at $18.66 on Wednesday. The stock has a market cap of $4.90 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of 2.76 and a beta of 0.77. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16. Leonardo DRS has a twelve month low of $10.80 and a twelve month high of $20.95. The business’s 50 day moving average is $19.21 and its 200-day moving average is $17.92.
Leonardo DRS (NASDAQ:DRS – Get Free Report) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. Leonardo DRS had a return on equity of 8.83% and a net margin of 5.85%. The firm had revenue of $703.00 million during the quarter, compared to analyst estimates of $682.40 million. On average, analysts predict that Leonardo DRS will post 0.72 earnings per share for the current year.
Insider Buying and Selling at Leonardo DRS
In other Leonardo DRS news, major shareholder S.P.A Leonardo sold 20,700,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $17.06, for a total transaction of $353,142,000.00. Following the transaction, the insider now owns 189,745,073 shares in the company, valued at $3,237,050,945.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.06% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in DRS. Dark Forest Capital Management LP bought a new position in Leonardo DRS during the first quarter worth $33,000. Comerica Bank acquired a new position in shares of Leonardo DRS during the third quarter valued at about $36,000. Metropolitan Life Insurance Co NY bought a new stake in shares of Leonardo DRS in the second quarter valued at about $48,000. Parkside Financial Bank & Trust grew its position in Leonardo DRS by 196.4% during the second quarter. Parkside Financial Bank & Trust now owns 2,825 shares of the company’s stock worth $49,000 after buying an additional 1,872 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in Leonardo DRS during the fourth quarter valued at about $63,000. 18.76% of the stock is owned by institutional investors.
About Leonardo DRS
Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products, systems, and military support service. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.
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