<div id="readability-page-1"><p><span>Leonardo DRS (NASDAQ:DRS - Get Free Report)</span> had its price target boosted by BTIG Research from $30.00 to $33.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a &#34;buy&#34; rating on the stock. BTIG Research's price target indicates a potential upside of 19.31% from the company's previous close.</p><p>DRS has been the subject of several other research reports. Truist Financial raised their price target on shares of Leonardo DRS from $30.00 to $32.00 and gave the company a &#34;buy&#34; rating in a research report on Wednesday. Robert W. Baird lifted their price objective on Leonardo DRS from $26.00 to $30.00 and gave the stock an &#34;outperform&#34; rating in a report on Wednesday. Finally, Morgan Stanley began coverage on Leonardo DRS in a report on Friday, May 24th. They issued an &#34;equal weight&#34; rating and a $26.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $28.50.</p><p><b>Read Our Latest Research Report on Leonardo DRS</b></p><h2>Leonardo DRS Trading Down 1.9 %</h2><p>Shares of NASDAQ:DRS traded down $0.54 on Thursday, hitting $27.66. The company had a trading volume of 354,065 shares, compared to its average volume of 636,902. The firm's 50-day simple moving average is $25.80 and its two-hundred day simple moving average is $22.89. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 39.59, a P/E/G ratio of 2.06 and a beta of 0.89. The company has a quick ratio of 1.59, a current ratio of 1.96 and a debt-to-equity ratio of 0.15. Leonardo DRS has a 1 year low of $15.75 and a 1 year high of $29.85. </p><p>Leonardo DRS (NASDAQ:DRS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.04. The business had revenue of $753.00 million for the quarter, compared to analysts' expectations of $680.38 million. Leonardo DRS had a return on equity of 9.58% and a net margin of 6.12%. The business's revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 EPS. Equities analysts anticipate that Leonardo DRS will post 0.83 earnings per share for the current fiscal year. </p><h2>Hedge Funds Weigh In On Leonardo DRS</h2><p>Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Leonardo DRS by 50.8% during the 4th quarter. Vanguard Group Inc. now owns 7,389,350 shares of the company's stock valued at $148,083,000 after purchasing an additional 2,490,447 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Leonardo DRS by 506.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 68,088 shares of the company's stock worth $1,364,000 after acquiring an additional 56,863 shares during the period. Swiss National Bank boosted its stake in shares of Leonardo DRS by 50.5% in the first quarter. Swiss National Bank now owns 155,300 shares of the company's stock worth $3,431,000 after acquiring an additional 52,100 shares during the period. Cannon Global Investment Management LLC bought a new stake in Leonardo DRS during the 1st quarter valued at approximately $725,000. Finally, Ghisallo Capital Management LLC bought a new stake in Leonardo DRS during the 4th quarter valued at approximately $13,795,000. Hedge funds and other institutional investors own 18.76% of the company's stock. </p><h2>About Leonardo DRS</h2> (Get Free Report)<p>Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. 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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Leonardo DRS</li><li>3 Stocks to Consider Buying in October</li><li>First Solar Stock: The Dawn of a New Rally in Share Prices</li><li>Should You Add These Warren Buffett Stocks to Your Portfolio?</li><li>Mastercard Stock's Q2 Financial Results Outshine Competitors</li><li>Why Invest in 5G? How to Invest in 5G Stocks  </li><li>Tobacco Giant's Shares Fall on EPS Miss, Lackluster Pouch Gains</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RFJT?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RFJT"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ Trump Warns Gov. Can Confiscate Your Money. 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<p>BTIG Research raised the price target of Leonardo DRS (NASDAQ:DRS) from $30.00 to $33.00 and gave the stock a "buy" rating. The stock has a consensus rating of "Moderate Buy" and a consensus price target of $28.50. Leonardo DRS had its quarterly earnings data beat the consensus estimate and reported a revenue increase. Several large investors have recently added to their stakes in the company.</p>

Leonardo DRS (NASDAQ:DRS) PT Raised to $33.00 at BTIG Research