Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) Receives Average Rating of “Buy” from Brokerages

Shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) have been given an average recommendation of “Buy” by the twelve brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $22.63.

Several research firms have recently weighed in on KTOS. Benchmark lifted their target price on shares of Kratos Defense & Security Solutions from $19.00 to $26.00 and gave the company a “buy” rating in a report on Friday, July 24th. Canaccord Genuity reissued a “buy” rating on shares of Kratos Defense & Security Solutions in a research note on Friday, July 24th. Zacks Investment Research raised shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Monday, June 22nd. BidaskClub raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, ValuEngine raised shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating in a research note on Friday, July 10th.

Shares of NASDAQ:KTOS traded down $0.26 during trading on Friday, hitting $18.01. 1,096,626 shares of the stock traded hands, compared to its average volume of 1,727,834. The company has a quick ratio of 2.49, a current ratio of 2.83 and a debt-to-equity ratio of 0.57. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 200.13 and a beta of 1.20. The company has a fifty day moving average price of $16.42 and a two-hundred day moving average price of $16.52. Kratos Defense & Security Solutions has a 52-week low of $5.00 and a 52-week high of $25.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Thursday, May 7th. The aerospace company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.07. The firm had revenue of $168.90 million during the quarter, compared to analyst estimates of $164.28 million. Kratos Defense & Security Solutions had a net margin of 1.27% and a return on equity of 4.24%. The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 EPS. On average, equities research analysts predict that Kratos Defense & Security Solutions will post 0.25 EPS for the current fiscal year.

In other news, insider Thomas E. Iv Mills sold 10,887 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $17.30, for a total value of $188,345.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jane Elizabeth Judd sold 5,547 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $16.74, for a total value of $92,856.78. Following the completion of the transaction, the director now owns 30,100 shares of the company’s stock, valued at approximately $503,874. The disclosure for this sale can be found here. Insiders have sold 124,176 shares of company stock valued at $2,140,285 in the last 90 days. Company insiders own 15.54% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of KTOS. Franklin Resources Inc. boosted its stake in shares of Kratos Defense & Security Solutions by 253.0% during the first quarter. Franklin Resources Inc. now owns 1,879,228 shares of the aerospace company’s stock valued at $26,008,000 after acquiring an additional 1,346,814 shares during the last quarter. Balyasny Asset Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the first quarter valued at $15,353,000. Frontier Capital Management Co. LLC boosted its stake in shares of Kratos Defense & Security Solutions by 373.3% during the first quarter. Frontier Capital Management Co. LLC now owns 952,974 shares of the aerospace company’s stock valued at $13,189,000 after acquiring an additional 751,627 shares during the last quarter. Norges Bank acquired a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter valued at $12,695,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Kratos Defense & Security Solutions by 70.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,631,963 shares of the aerospace company’s stock valued at $22,586,000 after acquiring an additional 673,726 shares during the last quarter. 85.42% of the stock is currently owned by institutional investors and hedge funds.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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Analyst Recommendations for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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