Analysts Set Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) Price Target at $23.67

Shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) have been assigned a consensus rating of “Buy” from the twelve analysts that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $23.67.

A number of research analysts recently commented on the company. Zacks Investment Research upgraded Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Wednesday, July 3rd. Goldman Sachs Group upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $24.00 to $26.00 in a research note on Friday, August 16th. JPMorgan Chase & Co. upgraded Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $18.00 to $24.00 in a research note on Friday, May 24th. Robert W. Baird restated an “outperform” rating and set a $25.00 price objective (up from $19.00) on shares of Kratos Defense & Security Solutions in a research note on Tuesday, May 28th. Finally, BidaskClub downgraded Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th.

Shares of NASDAQ KTOS traded up $0.12 during trading on Friday, reaching $19.27. The stock had a trading volume of 1,355,672 shares, compared to its average volume of 1,677,875. Kratos Defense & Security Solutions has a one year low of $11.91 and a one year high of $25.08. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.33 and a current ratio of 2.73. The stock has a market cap of $2.03 billion, a PE ratio of 113.35, a P/E/G ratio of 11.10 and a beta of 1.25. The firm’s 50 day moving average price is $21.91 and its two-hundred day moving average price is $19.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Wednesday, July 31st. The aerospace company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04. The business had revenue of $187.90 million during the quarter, compared to the consensus estimate of $178.72 million. Kratos Defense & Security Solutions had a return on equity of 4.63% and a net margin of 1.99%. The business’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 EPS. On average, research analysts expect that Kratos Defense & Security Solutions will post 0.23 earnings per share for the current year.

In other news, Director Amy Zegart sold 7,305 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $19.55, for a total value of $142,812.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven S. Fendley sold 30,000 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $19.07, for a total value of $572,100.00. The disclosure for this sale can be found here. In the last three months, insiders sold 777,212 shares of company stock valued at $15,013,995. Company insiders own 15.54% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Nomura Holdings Inc. purchased a new stake in Kratos Defense & Security Solutions in the 2nd quarter worth about $1,818,000. Voloridge Investment Management LLC lifted its stake in Kratos Defense & Security Solutions by 54.2% in the 2nd quarter. Voloridge Investment Management LLC now owns 85,095 shares of the aerospace company’s stock worth $1,948,000 after acquiring an additional 29,913 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in Kratos Defense & Security Solutions in the 2nd quarter worth about $8,326,000. UBS Asset Management Americas Inc. lifted its stake in Kratos Defense & Security Solutions by 26.1% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 78,430 shares of the aerospace company’s stock worth $1,795,000 after acquiring an additional 16,221 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in Kratos Defense & Security Solutions by 603.2% in the 2nd quarter. Jane Street Group LLC now owns 28,429 shares of the aerospace company’s stock worth $651,000 after acquiring an additional 24,386 shares in the last quarter. 81.60% of the stock is 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 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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