Kratos Defense & Security Solutions (NASDAQ:KTOS) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Wednesday.

A number of other research analysts have also commented on the company. Robert W. Baird assumed coverage on Kratos Defense & Security Solutions in a research note on Monday. They issued an “outperform” rating and a $19.00 target price for the company. Zacks Investment Research lowered Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 10th. B. Riley restated a “buy” rating on shares of Kratos Defense & Security Solutions in a research note on Wednesday, November 7th. Finally, ValuEngine upgraded Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 7th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $15.50.

Shares of NASDAQ KTOS opened at $13.74 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.89 and a quick ratio of 2.60. The firm has a market capitalization of $1.33 billion, a P/E ratio of 343.50, a PEG ratio of 12.20 and a beta of 2.47. Kratos Defense & Security Solutions has a one year low of $8.90 and a one year high of $16.09.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its 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. The business had revenue of $159.40 million during the quarter, compared to analyst estimates of $157.65 million. Kratos Defense & Security Solutions had a positive return on equity of 3.99% and a negative net margin of 4.64%. Kratos Defense & Security Solutions’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 earnings per share. Equities analysts anticipate that Kratos Defense & Security Solutions will post 0.14 EPS for the current year.

A number of large investors have recently made changes to their positions in KTOS. Public Employees Retirement Association of Colorado grew its position in Kratos Defense & Security Solutions by 252.3% in the third quarter. Public Employees Retirement Association of Colorado now owns 11,110 shares of the aerospace company’s stock valued at $164,000 after acquiring an additional 7,956 shares during the period. Private Advisor Group LLC bought a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth $170,000. Royal Bank of Canada grew its holdings in shares of 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. Sei Investments Co. grew its holdings in shares of Kratos Defense & Security Solutions by 4,596.4% during the second quarter. Sei Investments Co. now owns 19,443 shares of the aerospace company’s stock worth $224,000 after purchasing an additional 19,029 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Kratos Defense & Security Solutions by 22.4% during the third quarter. LPL Financial LLC now owns 23,750 shares of the aerospace company’s stock worth $351,000 after purchasing an additional 4,350 shares during the last quarter. Hedge funds and other institutional investors own 90.93% 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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