Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) PT Raised to $13.00

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) had its price objective raised by Jefferies Group LLC from $12.70 to $13.00 in a report published on Friday, November 3rd. Jefferies Group LLC currently has a hold rating on the aerospace company’s stock.

KTOS has been the subject of several other research reports. Canaccord Genuity reissued a buy rating and issued a $14.00 price target on shares of Kratos Defense & Security Solutions in a report on Thursday, July 6th. B. Riley reissued a buy rating and issued a $16.00 price target on shares of Kratos Defense & Security Solutions in a report on Tuesday, July 11th. BidaskClub raised shares of Kratos Defense & Security Solutions from a buy rating to a strong-buy rating in a research report on Thursday, July 13th. SunTrust Banks, Inc. cut shares of Kratos Defense & Security Solutions from a buy rating to a hold rating and set a $12.00 price objective on the stock. in a research report on Friday, July 14th. Finally, Zacks Investment Research raised shares of Kratos Defense & Security Solutions from a hold rating to a buy rating and set a $13.00 price objective on the stock in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. Kratos Defense & Security Solutions has a consensus rating of Buy and an average price target of $13.25.

Kratos Defense & Security Solutions (NASDAQ KTOS) traded down $0.23 on Friday, reaching $10.10. 1,328,668 shares of the company’s stock were exchanged, compared to its average volume of 1,661,505. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.86 and a quick ratio of 2.54. Kratos Defense & Security Solutions has a 12-month low of $6.83 and a 12-month high of $13.93.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Thursday, November 2nd. The aerospace company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. Kratos Defense & Security Solutions had a negative net margin of 3.39% and a negative return on equity of 1.21%. The firm had revenue of $196.20 million during the quarter, compared to analyst estimates of $186.27 million. During the same quarter in the previous year, the business earned $0.03 EPS. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. equities analysts expect that Kratos Defense & Security Solutions will post -0.01 EPS for the current year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Boulegeris Investments Inc. grew its stake in Kratos Defense & Security Solutions by 4.6% in the 2nd quarter. Boulegeris Investments Inc. now owns 14,725 shares of the aerospace company’s stock valued at $175,000 after buying an additional 650 shares during the last quarter. IHT Wealth Management LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $249,000. HighTower Advisors LLC grew its position in shares of Kratos Defense & Security Solutions by 0.8% during the 2nd quarter. HighTower Advisors LLC now owns 254,311 shares of the aerospace company’s stock worth $3,022,000 after purchasing an additional 2,137 shares in the last quarter. Creative Planning grew its position in shares of Kratos Defense & Security Solutions by 31.3% during the 2nd 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. Finally, Wells Fargo & Company MN grew its position in shares of Kratos Defense & Security Solutions by 5.6% during the 2nd quarter. Wells Fargo & Company MN now owns 60,445 shares of the aerospace company’s stock worth $717,000 after purchasing an additional 3,199 shares in the last quarter. Institutional investors and hedge funds own 62.90% of the company’s stock.

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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