Kratos Defense & Security Solutions (NASDAQ:KTOS)‘s stock had its “buy” rating reiterated by B. Riley in a research report issued on Monday. They currently have a $16.00 price objective on the aerospace company’s stock. B. Riley’s target price indicates a potential upside of 45.59% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Noble Financial reaffirmed a “buy” rating on shares of Kratos Defense & Security Solutions in a report on Thursday, September 14th. Canaccord Genuity reaffirmed a “buy” rating and set a $15.00 target price on shares of Kratos Defense & Security Solutions in a report on Monday, August 21st. Jefferies Group lifted their target price on shares of Kratos Defense & Security Solutions from $12.70 to $13.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. SunTrust Banks reaffirmed a “hold” rating and set a $12.00 target price on shares of Kratos Defense & Security Solutions in a report on Monday, October 2nd. Finally, Goldman Sachs Group initiated coverage on shares of Kratos Defense & Security Solutions in a report on Thursday, December 7th. They set a “neutral” rating and a $10.50 target price for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $12.95.

Kratos Defense & Security Solutions (KTOS) remained flat at $$10.99 on Monday. The company’s stock had a trading volume of 1,329,100 shares, compared to its average volume of 1,659,757. The company has a current ratio of 2.86, a quick ratio of 2.54 and a debt-to-equity ratio of 0.70. Kratos Defense & Security Solutions has a fifty-two week low of $6.83 and a fifty-two week high of $13.93.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Thursday, November 2nd. The aerospace company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. Kratos Defense & Security Solutions had a negative net margin of 3.39% and a negative return on equity of 1.21%. The firm had revenue of $196.20 million during the quarter, compared to analyst estimates of $186.27 million. During the same quarter in the previous year, the business earned $0.03 EPS. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. equities analysts forecast that Kratos Defense & Security Solutions will post -0.01 earnings per share for the current fiscal year.

In other news, Director Scot B. Jarvis purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was bought at an average price of $10.50 per share, with a total value of $105,000.00. Following the acquisition, the director now directly owns 95,200 shares of the company’s stock, valued at $999,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 17.92% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in KTOS. Boulegeris Investments Inc. boosted its stake in Kratos Defense & Security Solutions by 4.6% in the 2nd quarter. Boulegeris Investments Inc. now owns 14,725 shares of the aerospace company’s stock worth $175,000 after purchasing an additional 650 shares during the period. IHT Wealth Management LLC acquired a new position in Kratos Defense & Security Solutions in the 2nd quarter worth $249,000. HighTower Advisors LLC boosted its stake in Kratos Defense & Security Solutions by 0.8% in the 2nd quarter. HighTower Advisors LLC now owns 254,311 shares of the aerospace company’s stock worth $3,022,000 after purchasing an additional 2,137 shares during the period. Wells Fargo & Company MN boosted its stake in Kratos Defense & Security Solutions by 5.6% in the 2nd quarter. Wells Fargo & Company MN now owns 60,445 shares of the aerospace company’s stock worth $717,000 after purchasing an additional 3,199 shares during the period. Finally, Legal & General Group Plc boosted its stake in Kratos Defense & Security Solutions by 23.5% in the 2nd quarter. Legal & General Group Plc now owns 16,865 shares of the aerospace company’s stock worth $201,000 after purchasing an additional 3,210 shares during the period. 71.39% of the stock is owned by 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.

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

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