Kratos Defense & Security Solutions, Inc. (KTOS) Stock Rating Reaffirmed by Canaccord Genuity

Canaccord Genuity reiterated their buy rating on shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in a report released on Wednesday, November 1st. Canaccord Genuity currently has a $15.00 target price on the aerospace company’s stock.

A number of other brokerages have also recently issued reports on KTOS. Noble Financial restated a buy rating on shares of Kratos Defense & Security Solutions in a research report on Monday, August 14th. Jefferies Group LLC reiterated a hold rating and set a $9.25 price target on shares of Kratos Defense & Security Solutions in a report on Friday, July 14th. BidaskClub upgraded shares of Kratos Defense & Security Solutions from a buy rating to a strong-buy rating in a report on Thursday, July 13th. Zacks Investment Research upgraded shares of Kratos Defense & Security Solutions from a hold rating to a buy rating and set a $13.00 price target for the company in a report on Wednesday, July 19th. Finally, B. Riley reiterated a buy rating and set a $16.00 price target on shares of Kratos Defense & Security Solutions in a report on Sunday, July 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Kratos Defense & Security Solutions has an average rating of Buy and an average target price of $13.25.

Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) traded up $0.15 during midday trading on Wednesday, hitting $10.12. 2,507,429 shares of the company traded hands, compared to its average volume of 1,663,287. The company has a quick ratio of 2.54, a current ratio of 2.86 and a debt-to-equity ratio of 0.70. Kratos Defense & Security Solutions has a 12-month low of $6.25 and a 12-month high of $13.93.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.03 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03. The firm had revenue of $196.20 million during the quarter, compared to analysts’ expectations of $186.27 million. Kratos Defense & Security Solutions had a negative net margin of 3.39% and a negative return on equity of 1.21%. The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.03 earnings per share. research analysts anticipate that Kratos Defense & Security Solutions will post -0.01 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of KTOS. KCG Holdings Inc. lifted its position in shares of Kratos Defense & Security Solutions by 33.9% during the first quarter. KCG Holdings Inc. now owns 14,569 shares of the aerospace company’s stock worth $113,000 after purchasing an additional 3,685 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Kratos Defense & Security Solutions during the first quarter worth $113,000. Principal Financial Group Inc. acquired a new position in shares of Kratos Defense & Security Solutions during the second quarter worth $126,000. Risk Paradigm Group LLC lifted its position in shares of Kratos Defense & Security Solutions by 417.6% during the third quarter. Risk Paradigm Group LLC now owns 10,611 shares of the aerospace company’s stock worth $139,000 after purchasing an additional 8,561 shares in the last quarter. Finally, Creative Planning lifted its position in shares of Kratos Defense & Security Solutions by 31.3% during the second quarter. Creative Planning now owns 11,810 shares of the aerospace company’s stock worth $140,000 after purchasing an additional 2,813 shares in the last quarter. 62.90% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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