Leonardo DRS Inc (NASDAQ:DRS) shares traded 3.45% higher at $33.28 on Wall Street last session.
DRS stock price is now -1.49% away from the 50-day moving average and 20.36% away from the 200-day moving average. The market capitalization of the company currently stands at $8.80B.
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With the price target enhanced from $26 to $30, BofA Securities Downgraded its rating from Buy to Neutral for Leonardo DRS Inc (NASDAQ: DRS). On June 26, 2024, BTIG Research recently initiated its ‘Buy’ rating on the stock quoting a target price of $30, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Baylouny John, Officer bought 3,529 shares of the company’s stock on Jan 08 ’25. The stock was bought for $112,575 at an average price of $31.90. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 11 ’24, EVP and COO Baylouny John sold 8,235 shares of the business’s stock. A total of $284,108 was realized by selling the stock at an average price of $34.50. This leaves the insider owning 81,863 shares of the company worth $2.72 million. A total of 72.00% of the company’s stock is owned by insiders.
During the past 12 months, Leonardo DRS Inc has had a low of $18.60 and a high of $37.99. As of last week, the company has a debt-to-equity ratio of 0.19, a current ratio of 2.11, and a quick ratio of 1.70. According to the stock market information, the enterprise value for the company is $9061134336, which is based on a 44.82 price-to-earnings ratio, a 2.62 price-to-earnings-growth ratio, and a beta of 1.01. The fifty day moving average price for DRS is $33.7818 and a two-hundred day moving average price translates $27.65015 for the stock.
The latest earnings results from Leonardo DRS Inc (NASDAQ: DRS) was released for 2024-09-30. The net profit margin was 6.23% and return on equity was 8.40% for DRS. The company reported revenue of $812.0 million for the quarter, compared to $703.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.5 percent. For the current quarter, analysts expect DRS to generate $942.17M in revenue.
