Brokerages Set Kratos Defense & Security Solutions, Inc (KTOS) PT at $9.63

Shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) have been given a consensus recommendation of “Buy” by the seven brokerages that are currently covering the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $9.40.

A number of equities analysts recently issued reports on KTOS shares. Zacks Investment Research cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Monday, January 30th. Jefferies Group LLC lowered their price objective on shares of Kratos Defense & Security Solutions from $9.60 to $8.50 and set a “hold” rating for the company in a research report on Monday, March 6th. Canaccord Genuity started coverage on shares of Kratos Defense & Security Solutions in a research report on Tuesday, January 17th. They set a “buy” rating and a $10.00 price objective for the company. SunTrust Banks, Inc. started coverage on shares of Kratos Defense & Security Solutions in a research report on Thursday, January 19th. They set a “buy” rating and a $9.00 price objective for the company. Finally, Seaport Global Securities started coverage on shares of Kratos Defense & Security Solutions in a research report on Friday, March 17th. They set a “buy” rating and a $10.00 price objective for the company.

Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) traded up 2.16% during mid-day trading on Monday, reaching $7.57. 813,130 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $7.71 and a 200-day moving average price of $7.39. Kratos Defense & Security Solutions has a 12 month low of $3.75 and a 12 month high of $9.19. The stock’s market cap is $564.21 million.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Monday, February 27th. The aerospace company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.07. The business earned $182.10 million during the quarter, compared to analysts’ expectations of $177.74 million. Kratos Defense & Security Solutions had a negative net margin of 9.06% and a negative return on equity of 3.73%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.02 EPS. On average, analysts predict that Kratos Defense & Security Solutions will post $0.07 earnings per share for the current fiscal year.

In other Kratos Defense & Security Solutions news, Director Bandel L. Carano bought 275,862 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, March 7th. The shares were purchased at an average cost of $7.25 per share, with a total value of $1,999,999.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 23.20% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. Oak Management Corp raised its stake in 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 last quarter. Cortina Asset Management LLC acquired a new stake in Kratos Defense & Security Solutions during the fourth quarter worth $5,426,000. State Street Corp raised its stake in Kratos Defense & Security Solutions by 56.8% in the fourth quarter. State Street Corp now owns 1,418,315 shares of the aerospace company’s stock worth $10,498,000 after buying an additional 514,063 shares during the last quarter. S Squared Technology LLC raised its stake in Kratos Defense & Security Solutions by 30.8% in the fourth quarter. S Squared Technology LLC now owns 1,951,938 shares of the aerospace company’s stock worth $14,444,000 after buying an additional 459,700 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in Kratos Defense & Security Solutions during the fourth quarter worth $2,519,000. 62.10% of the stock is currently owned by hedge funds and other institutional investors.

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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.

5 Day Chart for NASDAQ:KTOS

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