In yesterday’s Wall Street session, Leonardo DRS Inc. (NASDAQ:DRS) shares traded at $18.56, up 0.54% from the previous session.
As of this writing, 4 analysts cover Leonardo DRS Inc. (NASDAQ:DRS). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $23.00 and a low of $21.00, we find $21.50. Given the previous closing price of $18.46, this indicates a potential upside of 16.47 percent. DRS stock price is now 2.24% away from the 50-day moving average and 16.27% away from the 200-day moving average. The market capitalization of the company currently stands at $4.86B.
There are 0 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $21.75 as their price target over the next twelve months.
With the price target of $20, BofA Securities recently initiated with Buy rating for Leonardo DRS Inc. (NASDAQ: DRS).
A total of 80.92% of the company’s stock is owned by insiders.
Friday morning saw Leonardo DRS Inc. (NASDAQ: DRS) opened at $18.54. During the past 12 months, Leonardo DRS Inc. has had a low of $9.11 and a high of $20.95. As of last week, the company has a debt-to-equity ratio of 0.26, a current ratio of 1.83, and a quick ratio of 1.43. According to the stock market information, the enterprise value for the company is $5.36B, which is based on a 29.02 price-to-earnings ratio, a 3.41 price-to-earnings-growth ratio, and a beta of 0.85. The fifty day moving average price for DRS is $18.19 and a two-hundred day moving average price translates $15.99 for the stock.
The latest earnings results from Leonardo DRS Inc. (NASDAQ: DRS) was released for Sep, 2023. According to the Aerospace & Defense Company, earnings per share came in at $0.2, beating analysts’ expectations of $0.16 by 0.04. This compares to $1.33 EPS in the same period last year. The net profit margin was 5.85% and return on equity was 8.41% for DRS. The company reported revenue of $703.0 million for the quarter, compared to $634.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.88 percent. For the current quarter, analysts expect DRS to generate $894.06M in revenue.
Leonardo DRS Inc.(DRS) Company Profile
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. This segment also provides network computing, which is utilized across a range of mission applications including platform computing on ground and shipboard for advanced battle management, combat systems, radar, command and control, tactical networks, tactical computing, and communications. Its IMS segment designs, develops, manufacture, and integrates power conversion, control, and distribution systems, ship propulsion systems, motors and variable frequency drives, force protection systems, transportation, and logistics systems for the U.S. and allied defense customers. This segment also offers naval power and propulsion systems, which includes power conversion, control, distribution, and propulsion systems, as well as power dense permanent magnet motors, energy storage systems and associated efficient, rugged and compact power conversion, electrical actuation systems, and cooling technologies; and motor controllers, instrumentation and control equipment, electrical actuation systems, and thermal management systems. The company was incorporated in 1968 and is based in Arlington, Virginia. Leonardo DRS, Inc. operates as a subsidiary of Leonardo S.p.a.