Kratos Defense & Security Solutions, Inc (KTOS) Given Consensus Rating of “Buy” by Analysts

Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) has been assigned a consensus rating of “Buy” from the seven ratings firms that are covering the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $10.50.

Several research firms recently commented on KTOS. Noble Financial reissued a “buy” rating on shares of Kratos Defense & Security Solutions in a research note on Saturday, May 6th. B. Riley reissued a “buy” rating and issued a $9.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Friday, February 24th. Canaccord Genuity reissued a “buy” rating and issued a $14.00 price objective (up from $10.00) on shares of Kratos Defense & Security Solutions in a research note on Friday. Finally, Zacks Investment Research raised Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $9.25 price objective for the company in a research note on Wednesday, March 1st.

In related news, Director Bandel L. Carano bought 275,862 shares of the business’s stock in a transaction on Tuesday, March 7th. The stock was acquired at an average cost of $7.25 per share, with a total value of $1,999,999.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 23.20% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY increased its stake in shares of Kratos Defense & Security Solutions by 0.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 34,603 shares of the aerospace company’s stock worth $256,000 after buying an additional 206 shares during the last quarter. Eqis Capital Management Inc. increased its stake in shares of Kratos Defense & Security Solutions by 6.0% in the first quarter. Eqis Capital Management Inc. now owns 58,479 shares of the aerospace company’s stock worth $455,000 after buying an additional 3,319 shares during the last quarter. KCG Holdings Inc. increased its stake in shares of Kratos Defense & Security Solutions by 33.9% in the first quarter. KCG Holdings Inc. now owns 14,569 shares of the aerospace company’s stock worth $113,000 after buying an additional 3,685 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Kratos Defense & Security Solutions by 26.6% in the first quarter. Goldman Sachs Group Inc. now owns 23,769 shares of the aerospace company’s stock worth $185,000 after buying an additional 4,999 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Kratos Defense & Security Solutions by 18.0% in the third quarter. Wells Fargo & Company MN now owns 43,331 shares of the aerospace company’s stock worth $300,000 after buying an additional 6,617 shares during the last quarter. 62.10% of the stock is owned by hedge funds and other institutional investors.

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Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) opened at 9.93 on Monday. The stock has a 50 day moving average of $8.27 and a 200 day moving average of $7.75. The company’s market cap is $858.41 million. Kratos Defense & Security Solutions has a 52-week low of $3.75 and a 52-week high of $10.12.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Thursday, May 4th. The aerospace company reported ($0.04) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.04. Kratos Defense & Security Solutions had a negative return on equity of 3.73% and a negative net margin of 9.06%. The firm had revenue of $167.80 million during the quarter, compared to the consensus estimate of $159.53 million. During the same period in the prior year, the company earned ($0.13) EPS. The firm’s revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts expect that Kratos Defense & Security Solutions will post $0.10 EPS for the current year.

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.

12 Month Chart for NASDAQ:KTOS

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