Kratos Defense & Security Solutions (KTOS) Given “Buy” Rating at B. Riley

B. Riley restated their buy rating on shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) in a research note issued to investors on Wednesday.

Other equities research analysts have also issued reports about the stock. BidaskClub lowered shares of Kratos Defense & Security Solutions from a strong-buy rating to a buy rating in a report on Friday, October 5th. Canaccord Genuity reiterated a buy rating and set a $15.00 target price on shares of Kratos Defense & Security Solutions in a report on Tuesday, July 10th. Noble Financial reiterated a buy rating and set a $20.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, August 3rd. Zacks Investment Research lowered shares of Kratos Defense & Security Solutions from a strong-buy rating to a hold rating in a report on Wednesday, July 18th. Finally, ValuEngine upgraded shares of Kratos Defense & Security Solutions from a buy rating to a strong-buy rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $14.75.

Kratos Defense & Security Solutions stock opened at $15.54 on Wednesday. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 388.50, a price-to-earnings-growth ratio of 17.36 and a beta of 2.34. Kratos Defense & Security Solutions has a 52-week low of $8.90 and a 52-week high of $16.09. The company has a current ratio of 2.89, a quick ratio of 2.59 and a debt-to-equity ratio of 0.57.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Tuesday, November 6th. The aerospace company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.05. The company had revenue of $159.40 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.03 EPS. Equities analysts expect that Kratos Defense & Security Solutions will post 0.12 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Cornerstone Wealth Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at $476,000. Public Employees Retirement Association of Colorado raised its holdings in shares of Kratos Defense & Security Solutions by 252.3% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 11,110 shares of the aerospace company’s stock valued at $164,000 after purchasing an additional 7,956 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at $170,000. WINTON GROUP Ltd acquired a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter valued at $119,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at $196,000. Institutional investors and hedge funds 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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