Kratos Defense & Security Solutions (KTOS) Upgraded by BidaskClub to “Buy”

Kratos Defense & Security Solutions (NASDAQ:KTOS) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, BidAskClub reports.

KTOS has been the topic of a number of other reports. ValuEngine upgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a report on Monday, February 4th. Noble Financial set a $20.00 price objective on shares of Kratos Defense & Security Solutions and gave the company a “buy” rating in a report on Friday, February 15th. Seaport Global Securities restated a “buy” rating on shares of Kratos Defense & Security Solutions in a report on Monday, February 11th. B. Riley raised their price objective on shares of Kratos Defense & Security Solutions to $20.00 and gave the company a “buy” rating in a report on Tuesday, February 19th. Finally, Zacks Investment Research lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Kratos Defense & Security Solutions has an average rating of “Buy” and a consensus target price of $18.49.

Shares of KTOS opened at $20.09 on Friday. Kratos Defense & Security Solutions has a twelve month low of $10.66 and a twelve month high of $20.92. The firm has a market capitalization of $2.13 billion, a PE ratio of 118.18, a PEG ratio of 9.92 and a beta of 1.87. The company has a current ratio of 2.65, a quick ratio of 2.29 and a debt-to-equity ratio of 0.59.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Wednesday, May 8th. The aerospace company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.07. Kratos Defense & Security Solutions had a net margin of 0.28% and a return on equity of 4.22%. The business had revenue of $160.40 million for the quarter, compared to analyst estimates of $153.24 million. During the same period last year, the business earned $0.05 EPS. Equities analysts expect that Kratos Defense & Security Solutions will post 0.27 EPS for the current year.

Large investors have recently made changes to their positions in the stock. Morgan Stanley raised its stake in Kratos Defense & Security Solutions by 43.5% during the 3rd quarter. Morgan Stanley now owns 1,025,133 shares of the aerospace company’s stock worth $15,151,000 after acquiring an additional 310,787 shares in the last quarter. Vanguard Group Inc. raised its stake in Kratos Defense & Security Solutions by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,077,232 shares of the aerospace company’s stock worth $60,262,000 after acquiring an additional 46,579 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Kratos Defense & Security Solutions by 22.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 545,662 shares of the aerospace company’s stock worth $8,065,000 after acquiring an additional 98,859 shares in the last quarter. Amalgamated Bank acquired a new stake in Kratos Defense & Security Solutions during the 4th quarter worth $175,000. Finally, Allred Capital Management LLC acquired a new stake in Kratos Defense & Security Solutions during the 4th quarter worth $1,291,000. Hedge funds and other institutional investors own 87.85% 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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