Kratos Defense & Security Solutions (NASDAQ:KTOS) Rating Lowered to Buy at ValuEngine

Kratos Defense & Security Solutions (NASDAQ:KTOS) was downgraded by equities researchers at ValuEngine from a “strong-buy” rating to a “buy” rating in a report issued on Thursday, ValuEngine reports.

KTOS has been the subject of a number of other reports. BidaskClub upgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating in a research report on Wednesday, July 3rd. Goldman Sachs Group downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and lifted their price target for the company from $22.00 to $24.00 in a research report on Thursday, June 6th. They noted that the move was a valuation call. Citigroup downgraded shares of Kratos Defense & Security Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 5th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $18.00 to $24.00 in a research report on Friday, May 24th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $23.42.

KTOS stock traded down $0.09 during mid-day trading on Thursday, hitting $21.12. 1,802,345 shares of the company were exchanged, compared to its average volume of 1,030,500. The business has a 50 day simple moving average of $23.28. The company has a quick ratio of 2.29, a current ratio of 2.73 and a debt-to-equity ratio of 0.59. The firm has a market cap of $2.25 billion, a PE ratio of 124.24, a PEG ratio of 10.47 and a beta of 1.25. Kratos Defense & Security Solutions has a 1-year low of $11.91 and a 1-year high of $25.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Wednesday, July 31st. The aerospace company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The firm had revenue of $187.90 million during the quarter, compared to the consensus estimate of $178.72 million. Kratos Defense & Security Solutions had a net margin of 1.99% and a return on equity of 4.63%. The business’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period last year, the business posted $0.02 earnings per share. Sell-side analysts predict that Kratos Defense & Security Solutions will post 0.27 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC acquired a new position in Kratos Defense & Security Solutions during the first quarter valued at approximately $31,000. PNC Financial Services Group Inc. acquired a new position in Kratos Defense & Security Solutions during the first quarter valued at approximately $31,000. Marshall Wace LLP acquired a new position in Kratos Defense & Security Solutions during the first quarter valued at approximately $35,000. Advisory Services Network LLC raised its position in Kratos Defense & Security Solutions by 795.6% during the first quarter. Advisory Services Network LLC now owns 4,478 shares of the aerospace company’s stock valued at $70,000 after purchasing an additional 3,978 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in Kratos Defense & Security Solutions during the first quarter valued at approximately $81,000. Institutional investors own 83.16% of the company’s stock.

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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