Kratos Defense & Security Solutions (KTOS) Lifted to “Buy” at BidaskClub

BidaskClub upgraded shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from a hold rating to a buy rating in a research note issued to investors on Thursday morning.

A number of other research firms have also recently weighed in on KTOS. ValuEngine upgraded Kratos Defense & Security Solutions from a buy rating to a strong-buy rating in a report on Wednesday. B. Riley restated a buy rating on shares of Kratos Defense & Security Solutions in a report on Wednesday. Zacks Investment Research cut Kratos Defense & Security Solutions from a hold rating to a sell rating in a report on Thursday, August 9th. Finally, Noble Financial restated a buy rating and issued a $20.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, August 3rd. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $14.75.

Shares of NASDAQ:KTOS traded down $0.01 during trading on Thursday, reaching $15.54. 2,500,469 shares of the stock were exchanged, compared to its average volume of 1,010,133. The stock has a market capitalization of $1.61 billion, a P/E ratio of 77.75, a PEG ratio of 18.03 and a beta of 2.34. Kratos Defense & Security Solutions has a 12-month low of $8.90 and a 12-month high of $16.09. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.59 and a current ratio of 2.89.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Tuesday, November 6th. The aerospace company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.05. The firm had revenue of $159.40 million during the quarter, compared to analysts’ expectations of $157.65 million. Kratos Defense & Security Solutions had a positive return on equity of 3.99% and a negative net margin of 4.64%. Kratos Defense & Security Solutions’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.03 EPS. Analysts predict that Kratos Defense & Security Solutions will post 0.13 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in KTOS. FMR LLC raised its position in shares of Kratos Defense & Security Solutions by 743.9% in the 2nd quarter. FMR LLC now owns 6,045,983 shares of the aerospace company’s stock valued at $69,589,000 after purchasing an additional 5,329,583 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in shares of Kratos Defense & Security Solutions in the 1st quarter valued at approximately $8,908,000. SG Capital Management LLC raised its position in shares of Kratos Defense & Security Solutions by 94.2% in the 2nd quarter. SG Capital Management LLC now owns 896,666 shares of the aerospace company’s stock valued at $10,321,000 after purchasing an additional 434,848 shares in the last quarter. Hardman Johnston Global Advisors LLC acquired a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at approximately $6,259,000. Finally, Millennium Management LLC raised its position in shares of Kratos Defense & Security Solutions by 11.8% in the 2nd quarter. Millennium Management LLC now owns 3,740,522 shares of the aerospace company’s stock valued at $43,053,000 after purchasing an additional 394,260 shares in the last quarter. 90.75% of the stock is currently owned by institutional investors.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through three segments: Kratos Government Solutions, Unmanned Systems, and Public Safety & Security. 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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