Kratos Defense & Security Solutions, Inc. (KTOS) Upgraded by BidaskClub to Strong-Buy

BidaskClub upgraded shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) from a buy rating to a strong-buy rating in a research report sent to investors on Thursday, July 13th.

A number of other brokerages have also commented on KTOS. Seaport Global Securities initiated coverage on Kratos Defense & Security Solutions in a report on Friday, March 17th. They set a buy rating and a $10.00 price objective on the stock. Noble Financial reissued a buy rating on shares of Kratos Defense & Security Solutions in a report on Saturday, March 18th. Zacks Investment Research downgraded Kratos Defense & Security Solutions from a buy rating to a hold rating in a research note on Tuesday, March 21st. B. Riley restated a buy rating and set a $11.00 target price on shares of Kratos Defense & Security Solutions in a research note on Tuesday, May 2nd. Finally, Canaccord Genuity reiterated a buy rating and issued a $14.00 price objective (up previously from $10.00) on shares of Kratos Defense & Security Solutions in a research report on Friday, May 19th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Kratos Defense & Security Solutions currently has a consensus rating of Buy and an average target price of $12.46.

Kratos Defense & Security Solutions (NASDAQ KTOS) opened at 11.87 on Thursday. The firm has a 50-day moving average of $11.77 and a 200-day moving average of $9.36. Kratos Defense & Security Solutions has a 52-week low of $4.95 and a 52-week high of $12.91. The firm’s market cap is $1.03 billion.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Thursday, July 27th. The aerospace company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. Kratos Defense & Security Solutions had a negative return on equity of 1.40% and a negative net margin of 6.29%. The firm had revenue of $185.70 million for the quarter, compared to analyst estimates of $172.78 million. During the same period in the previous year, the firm earned $0.01 earnings per share. Kratos Defense & Security Solutions’s quarterly revenue was up 10.4% on a year-over-year basis. Equities analysts anticipate that Kratos Defense & Security Solutions will post $0.10 EPS for the current year.

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In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco bought 8,905 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, August 7th. The shares were purchased at an average cost of $11.19 per share, for a total transaction of $99,646.95. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 23.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of KTOS. SG Capital Management LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the second quarter worth approximately $15,458,000. Oak Management Corp raised its stake in shares of Kratos Defense & Security Solutions by 7.0% in the fourth quarter. Oak Management Corp now owns 12,658,345 shares of the aerospace company’s stock worth $93,672,000 after buying an additional 833,000 shares during the period. Emerald Advisers Inc. PA raised its stake in shares of Kratos Defense & Security Solutions by 51.8% in the first quarter. Emerald Advisers Inc. PA now owns 2,059,710 shares of the aerospace company’s stock worth $16,025,000 after buying an additional 702,505 shares during the period. State Street Corp increased its stake in Kratos Defense & Security Solutions by 48.7% in the first quarter. State Street Corp now owns 2,109,740 shares of the aerospace company’s stock worth $16,414,000 after buying an additional 691,425 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its stake in Kratos Defense & Security Solutions by 61.6% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 1,628,657 shares of the aerospace company’s stock worth $12,671,000 after buying an additional 620,554 shares in the last quarter. Hedge funds and other institutional investors own 74.57% 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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