Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOSGet Rating) have received an average recommendation of “Buy” from the eleven ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $24.89.

A number of equities analysts have weighed in on the stock. Berenberg Bank assumed coverage on shares of Kratos Defense & Security Solutions in a research report on Friday, January 21st. They set a “buy” rating and a $23.00 price objective for the company. Canaccord Genuity Group reduced their target price on shares of Kratos Defense & Security Solutions from $28.00 to $26.00 in a research report on Wednesday, February 23rd. Robert W. Baird upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to an “outperform” rating and set a $20.00 target price for the company in a research report on Thursday. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Truist Financial reduced their target price on shares of Kratos Defense & Security Solutions from $21.00 to $17.00 in a research report on Wednesday, February 23rd.

NASDAQ:KTOS opened at $13.16 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.01 and a current ratio of 3.43. The company has a fifty day moving average of $18.16 and a two-hundred day moving average of $18.78. The stock has a market capitalization of $1.65 billion, a PE ratio of -87.73 and a beta of 0.80. Kratos Defense & Security Solutions has a fifty-two week low of $12.63 and a fifty-two week high of $30.29.

Kratos Defense & Security Solutions (NASDAQ:KTOSGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The aerospace company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The company had revenue of $196.20 million during the quarter, compared to analysts’ expectations of $197.21 million. Kratos Defense & Security Solutions had a negative net margin of 2.43% and a positive return on equity of 2.05%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 earnings per share. Research analysts forecast that Kratos Defense & Security Solutions will post 0.17 earnings per share for the current year.

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 10,000 shares of the stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of $16.37, for a total transaction of $163,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas E. Iv Mills sold 22,605 shares of the stock in a transaction dated Monday, April 4th. The stock was sold at an average price of $21.06, for a total transaction of $476,061.30. Following the transaction, the insider now directly owns 16,279 shares of the company’s stock, valued at approximately $342,835.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 110,778 shares of company stock valued at $2,139,302. 1.83% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its stake in shares of Kratos Defense & Security Solutions by 290.9% in the first quarter. Renaissance Technologies LLC now owns 713,799 shares of the aerospace company’s stock valued at $14,619,000 after purchasing an additional 531,200 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Kratos Defense & Security Solutions by 5.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,028,601 shares of the aerospace company’s stock valued at $21,066,000 after acquiring an additional 54,407 shares in the last quarter. S Squared Technology LLC raised its holdings in Kratos Defense & Security Solutions by 6.8% in the first quarter. S Squared Technology LLC now owns 472,803 shares of the aerospace company’s stock valued at $9,683,000 after acquiring an additional 30,000 shares in the last quarter. Gabelli Funds LLC raised its holdings in Kratos Defense & Security Solutions by 20.0% in the first quarter. Gabelli Funds LLC now owns 12,000 shares of the aerospace company’s stock valued at $246,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in Kratos Defense & Security Solutions by 13.5% in the first quarter. Gamco Investors INC. ET AL now owns 11,350 shares of the aerospace company’s stock valued at $232,000 after acquiring an additional 1,350 shares in the last quarter. 85.47% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Company Profile (Get Rating)

Kratos Defense & Security Solutions, Inc operates as a government contractor of the U.S. Department of Defense. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, space and satellite communications, training and cybersecurity/ warfare, C5ISR/ modular systems, turbine technologies, and defense and rocket support services.

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

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