BidaskClub Upgrades Kratos Defense & Security Solutions (KTOS) to “Buy”

BidaskClub upgraded shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from a hold rating to a buy rating in a report issued on Thursday.

KTOS has been the subject of a number of other reports. B. Riley restated a buy rating on shares of Kratos Defense & Security Solutions in a research report on Wednesday. Noble Financial reiterated a buy rating and issued a $20.00 target price on shares of Kratos Defense & Security Solutions in a research report on Friday, August 3rd. ValuEngine upgraded shares of Kratos Defense & Security Solutions from a buy rating to a strong-buy rating in a research report on Wednesday. Finally, Zacks Investment Research cut shares of Kratos Defense & Security Solutions from a strong-buy rating to a hold rating in a research report on Wednesday, July 18th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $14.75.

NASDAQ KTOS traded down $0.01 during mid-day trading on Thursday, reaching $15.54. 2,500,469 shares of the stock were exchanged, compared to its average volume of 1,466,916. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.59 and a current ratio of 2.89. The company has a market capitalization of $1.37 billion, a PE ratio of 388.50, a price-to-earnings-growth ratio of 15.29 and a beta of 2.34. Kratos Defense & Security Solutions has a 1 year low of $8.90 and a 1 year high of $16.09.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Tuesday, November 6th. The aerospace company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.05. The company had revenue of $159.40 million during the quarter, compared to analysts’ expectations of $157.65 million. Kratos Defense & Security Solutions had a negative net margin of 4.64% and a positive return on equity of 3.99%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 earnings per share. On average, equities analysts expect that Kratos Defense & Security Solutions will post 0.12 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its position in Kratos Defense & Security Solutions by 246.7% during the second quarter. First Trust Advisors LP now owns 74,667 shares of the aerospace company’s stock worth $859,000 after purchasing an additional 53,131 shares during the last quarter. Fred Alger Management Inc. increased its position in Kratos Defense & Security Solutions by 38.2% during the second quarter. Fred Alger Management Inc. now owns 917,017 shares of the aerospace company’s stock worth $10,555,000 after purchasing an additional 253,479 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in Kratos Defense & Security Solutions during the first quarter worth about $8,908,000. Cortina Asset Management LLC increased its position in Kratos Defense & Security Solutions by 17.2% during the second quarter. Cortina Asset Management LLC now owns 556,830 shares of the aerospace company’s stock worth $6,409,000 after purchasing an additional 81,551 shares during the last quarter. Finally, Royal Bank of Canada increased its position in Kratos Defense & Security Solutions by 119.3% during the first quarter. Royal Bank of Canada now owns 20,425 shares of the aerospace company’s stock worth $210,000 after purchasing an additional 11,112 shares during the last quarter. Hedge funds and other institutional investors own 90.75% of the company’s stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through three segments: Kratos Government Solutions, Unmanned Systems, and Public Safety & Security. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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

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