ValuEngine Upgrades Kratos Defense & Security Solutions (KTOS) to “Strong-Buy”

Kratos Defense & Security Solutions (NASDAQ:KTOS) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday.

A number of other equities analysts have also commented on the company. BidaskClub lowered Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Zacks Investment Research lowered Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. Noble Financial reissued a “buy” rating and set a $20.00 price target on shares of Kratos Defense & Security Solutions in a research note on Friday, August 3rd. Finally, Canaccord Genuity reissued a “buy” rating and set a $15.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, July 10th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $14.75.

Shares of Kratos Defense & Security Solutions stock opened at $15.55 on Wednesday. Kratos Defense & Security Solutions has a 12 month low of $8.90 and a 12 month high of $15.67. The company has a market cap of $1.37 billion, a P/E ratio of 65.95, a PEG ratio of 15.29 and a beta of 2.34. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.89 and a quick ratio of 2.59.

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

Several large investors have recently bought and sold shares of KTOS. FMR LLC lifted its stake in shares of Kratos Defense & Security Solutions by 743.9% in the 2nd quarter. FMR LLC now owns 6,045,983 shares of the aerospace company’s stock valued at $69,589,000 after purchasing an additional 5,329,583 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter valued at approximately $8,908,000. SG Capital Management LLC lifted its stake in shares of Kratos Defense & Security Solutions by 94.2% in the 2nd quarter. SG Capital Management LLC now owns 896,666 shares of the aerospace company’s stock valued at $10,321,000 after purchasing an additional 434,848 shares during the last quarter. Hardman Johnston Global Advisors LLC bought a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at approximately $6,259,000. Finally, Millennium Management LLC lifted its stake in shares of Kratos Defense & Security Solutions by 11.8% in the 2nd quarter. Millennium Management LLC now owns 3,740,522 shares of the aerospace company’s stock valued at $43,053,000 after purchasing an additional 394,260 shares during the last quarter. 90.75% of the stock is owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Company Profile

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.

Further Reading: Cost of Capital

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

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