Canaccord Genuity Reiterates “Buy” Rating for Kratos Defense & Security Solutions, Inc. (KTOS)

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)‘s stock had its “buy” rating reiterated by research analysts at Canaccord Genuity in a research note issued to investors on Wednesday. They currently have a $15.00 target price on the aerospace company’s stock. Canaccord Genuity’s price objective would suggest a potential upside of 24.58% from the stock’s previous close.

Several other research firms also recently commented on KTOS. Noble Financial reissued a “buy” rating on shares of Kratos Defense & Security Solutions in a report on Monday, August 14th. Jefferies Group LLC reissued a “hold” rating and issued a $9.25 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, July 14th. BidaskClub raised Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Zacks Investment Research raised Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Wednesday, July 19th. Finally, B. Riley reissued a “buy” rating and issued a $16.00 price objective on shares of Kratos Defense & Security Solutions in a report on Sunday, July 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $12.78.

Kratos Defense & Security Solutions (NASDAQ:KTOS) traded down 2.99% during mid-day trading on Wednesday, reaching $11.68. 997,553 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $12.75 and a 200 day moving average price of $11.45. Kratos Defense & Security Solutions has a 52-week low of $5.40 and a 52-week high of $13.93. The company’s market cap is $1.02 billion.

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In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco purchased 8,905 shares of the business’s stock in a transaction on Monday, August 7th. The stock was acquired at an average price of $11.19 per share, with a total value of $99,646.95. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 23.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in KTOS. Peregrine Capital Management LLC acquired a new stake in Kratos Defense & Security Solutions during the 3rd quarter valued at $19,546,000. SG Capital Management LLC acquired a new stake in Kratos Defense & Security Solutions during the 2nd quarter valued at $15,458,000. Capital World Investors lifted its holdings in Kratos Defense & Security Solutions by 32.2% during the 2nd quarter. Capital World Investors now owns 4,487,000 shares of the aerospace company’s stock valued at $53,261,000 after purchasing an additional 1,092,000 shares during the last quarter. State Street Corp lifted its holdings in Kratos Defense & Security Solutions by 48.7% during the 1st quarter. State Street Corp now owns 2,109,740 shares of the aerospace company’s stock valued at $16,414,000 after purchasing an additional 691,425 shares during the last quarter. Finally, Castleark Management LLC acquired a new stake in Kratos Defense & Security Solutions during the 2nd quarter valued at $7,880,000. 61.80% of the stock is owned by institutional investors and hedge funds.

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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