Kratos Defense & Security Solutions’ (NASDAQ:KTOS) “Hold” Rating Reaffirmed at Jefferies Group

Kratos Defense & Security Solutions (NASDAQ:KTOS)‘s stock had its “hold” rating restated by Jefferies Group in a research report issued to clients and investors on Monday, January 8th. They currently have a $12.50 price objective on the aerospace company’s stock. Jefferies Group’s target price would indicate a potential upside of 10.13% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. B. Riley reaffirmed a “buy” rating and issued a $16.00 target price on shares of Kratos Defense & Security Solutions in a research report on Monday, December 18th. BidaskClub downgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 27th. Goldman Sachs Group assumed coverage on shares of Kratos Defense & Security Solutions in a research report on Thursday, December 7th. They set a “neutral” rating and a $10.50 price objective on the stock. JPMorgan Chase & Co. assumed coverage on shares of Kratos Defense & Security Solutions in a research report on Friday, December 1st. They set a “neutral” rating and a $13.00 price objective on the stock. Finally, Zacks Investment Research raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.90.

Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) opened at $11.35 on Monday. Kratos Defense & Security Solutions has a fifty-two week low of $6.96 and a fifty-two week high of $13.93. The firm has a market cap of $1,172.43, a price-to-earnings ratio of -35.47, a PEG ratio of 6.44 and a beta of 1.97. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.86 and a quick ratio of 2.54.

In related news, Director Scot B. Jarvis acquired 10,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Thursday, December 7th. The stock was purchased at an average price of $10.50 per share, for a total transaction of $105,000.00. Following the completion of the purchase, the director now directly owns 95,200 shares of the company’s stock, valued at $999,600. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 17.92% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in KTOS. Thompson Davis & CO. Inc. acquired a new position in Kratos Defense & Security Solutions during the third quarter worth about $353,000. The Manufacturers Life Insurance Company raised its position in Kratos Defense & Security Solutions by 22.0% during the second quarter. The Manufacturers Life Insurance Company now owns 59,995 shares of the aerospace company’s stock worth $712,000 after acquiring an additional 10,799 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Kratos Defense & Security Solutions by 366.0% during the second quarter. Goldman Sachs Group Inc. now owns 110,764 shares of the aerospace company’s stock worth $1,315,000 after acquiring an additional 86,995 shares during the last quarter. State of Tennessee Treasury Department acquired a new position in Kratos Defense & Security Solutions during the third quarter worth about $2,703,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in Kratos Defense & Security Solutions by 61.8% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 150,410 shares of the aerospace company’s stock worth $1,793,000 after acquiring an additional 57,421 shares during the last quarter. Hedge funds and other institutional investors own 71.43% of the company’s stock.

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Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc is a technology, intellectual property and proprietary product and solution company focused on the United States and its allies’ national security. The Kratos Government Solutions segment includes the operations of Defense Rocket Support Services, Microwave Electronics Division, Technical and Training Solutions, and Modular Systems, which provide technology-based defense solutions, involving products and services, with the focus relating to the nation’s Command, Control, Communications, Computing, Combat Systems, Intelligence, Surveillance and Reconnaissance requirements.

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

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