Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) had its price target lifted by research analysts at Jefferies Group LLC from $12.70 to $13.00 in a research report issued to clients and investors on Friday. The firm currently has a “hold” rating on the aerospace company’s stock. Jefferies Group LLC’s target price would indicate a potential upside of 18.29% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research raised Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Wednesday, July 19th. B. Riley reissued a “buy” rating and set a $16.00 target price on shares of Kratos Defense & Security Solutions in a report on Sunday, July 16th. BidaskClub downgraded Kratos Defense & Security Solutions from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Noble Financial set a $14.00 target price on Kratos Defense & Security Solutions and gave the stock a “buy” rating in a report on Friday, July 28th. Finally, Canaccord Genuity reissued a “buy” rating and set a $14.00 target price on shares of Kratos Defense & Security Solutions in a report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $13.25.

Shares of Kratos Defense & Security Solutions (NASDAQ KTOS) traded down $0.99 during trading on Friday, reaching $10.99. The company’s stock had a trading volume of 4,405,671 shares, compared to its average volume of 1,432,356. The company has a current ratio of 2.00, a quick ratio of 1.67 and a debt-to-equity ratio of 1.06.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. Kratos Defense & Security Solutions had a negative return on equity of 1.40% and a negative net margin of 3.39%. The business had revenue of $196.20 million during the quarter, compared to the consensus estimate of $186.27 million. During the same quarter last year, the firm posted $0.03 EPS. The company’s quarterly revenue was up 18.6% on a year-over-year basis. equities research analysts expect that Kratos Defense & Security Solutions will post 0.01 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece was first published by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.watchlistnews.com/jefferies-group-llc-increases-kratos-defense-security-solutions-inc-ktos-price-target-to-13-00/1681545.html.

In related news, CEO Eric M. Demarco purchased 8,905 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were bought at an average price of $11.19 per share, for a total transaction of $99,646.95. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 23.20% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. IHT Wealth Management LLC bought a new position in shares of Kratos Defense & Security Solutions in the second quarter worth $249,000. Principal Financial Group Inc. bought a new position in shares of Kratos Defense & Security Solutions in the second quarter worth $126,000. Creative Planning increased its position in shares of Kratos Defense & Security Solutions by 31.3% in the second quarter. Creative Planning now owns 11,810 shares of the aerospace company’s stock worth $140,000 after purchasing an additional 2,813 shares during the period. Fortaleza Asset Management Inc. bought a new position in shares of Kratos Defense & Security Solutions in the third quarter worth $159,000. Finally, Investment Centers of America Inc. bought a new position in shares of Kratos Defense & Security Solutions in the second quarter worth $161,000. Institutional investors own 61.80% of the company’s stock.

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)

Receive News & Ratings for Kratos Defense & Security Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kratos Defense & Security Solutions Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.