Kratos Defense & Security Solutions, Inc (KTOS) Given Average Rating of “Hold” by Brokerages

Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $13.38.

Several equities research analysts recently commented on KTOS shares. B. Riley reissued a “buy” rating and issued a $16.00 price target on shares of Kratos Defense & Security Solutions in a research note on Monday, December 18th. Noble Financial reissued a “buy” rating on shares of Kratos Defense & Security Solutions in a research note on Thursday, January 4th. Seaport Global Securities reissued a “buy” rating and issued a $14.00 price target on shares of Kratos Defense & Security Solutions in a research note on Thursday, March 8th. BidaskClub raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, February 17th. Finally, Jefferies Group reissued a “hold” rating and issued a $12.50 price target on shares of Kratos Defense & Security Solutions in a research note on Monday, January 8th.

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In related news, Director Amy Zegart bought 3,205 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Tuesday, March 6th. The stock was purchased at an average cost of $10.92 per share, for a total transaction of $34,998.60. Following the acquisition, the director now owns 26,100 shares in the company, valued at $285,012. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 17.92% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of KTOS. Voya Investment Management LLC lifted its holdings in Kratos Defense & Security Solutions by 25.5% in the 2nd quarter. Voya Investment Management LLC now owns 32,316 shares of the aerospace company’s stock worth $384,000 after purchasing an additional 6,567 shares during the last quarter. State Street Corp lifted its holdings in shares of Kratos Defense & Security Solutions by 28.1% during the second quarter. State Street Corp now owns 2,703,519 shares of the aerospace company’s stock worth $32,092,000 after buying an additional 593,779 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of 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 buying an additional 10,799 shares during the last quarter. State of Wisconsin Investment Board acquired a new position in shares of Kratos Defense & Security Solutions during the third quarter worth approximately $2,943,000. Finally, State of Tennessee Treasury Department acquired a new position in shares of Kratos Defense & Security Solutions during the third quarter worth approximately $2,703,000. Hedge funds and other institutional investors own 75.02% of the company’s stock.

Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) traded down $0.59 during midday trading on Friday, hitting $10.41. The company had a trading volume of 2,144,996 shares, compared to its average volume of 1,872,379. The company has a market cap of $1,090.00, a PE ratio of -12.36, a price-to-earnings-growth ratio of 16.89 and a beta of 1.84. Kratos Defense & Security Solutions has a 1-year low of $7.37 and a 1-year high of $13.93. The company has a current ratio of 2.49, a quick ratio of 2.23 and a debt-to-equity ratio of 0.57.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Wednesday, February 28th. The aerospace company reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The business had revenue of $202.20 million during the quarter, compared to analysts’ expectations of $194.99 million. Kratos Defense & Security Solutions had a positive return on equity of 0.73% and a negative net margin of 5.68%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.07) EPS. analysts predict that Kratos Defense & Security Solutions will post 0.09 EPS for the current fiscal year.

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About Kratos Defense & Security Solutions

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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