Zacks Investment Research upgraded shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from a sell rating to a hold rating in a report released on Thursday morning.

According to Zacks, “Kratos Defense & Security Solutions, Inc. is a specialized National Security Technology business providing mission critical products, services and solutions for United States National Security priorities. Kratos’ core capabilities are sophisticated engineering, manufacturing and system integration offerings for National Security platforms and programs. “

KTOS has been the topic of a number of other research reports. B. Riley restated a buy rating and issued a $16.00 target price on shares of Kratos Defense & Security Solutions in a research note on Monday, December 18th. BidaskClub downgraded Kratos Defense & Security Solutions from a sell rating to a strong sell rating in a research note on Wednesday, December 27th. Goldman Sachs Group assumed coverage on Kratos Defense & Security Solutions in a research note on Thursday, December 7th. They issued a neutral rating and a $10.50 target price on the stock. JPMorgan Chase & Co. assumed coverage on Kratos Defense & Security Solutions in a research note on Friday, December 1st. They issued a neutral rating and a $13.00 target price on the stock. Finally, SunTrust Banks restated a hold rating and issued a $12.00 target price on shares of Kratos Defense & Security Solutions in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $12.95.

Shares of Kratos Defense & Security Solutions (NASDAQ KTOS) traded up $0.31 on Thursday, reaching $11.73. The company’s stock had a trading volume of 2,309,600 shares, compared to its average volume of 1,510,000. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.86 and a quick ratio of 2.54. The company has a market cap of $1,210.00, a price-to-earnings ratio of -37.84, a P/E/G ratio of 6.66 and a beta of 1.81. Kratos Defense & Security Solutions has a 1 year low of $6.83 and a 1 year high of $13.93.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data 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 return on equity of 1.21% and a negative net margin of 3.39%. The firm had revenue of $196.20 million during the quarter, compared to analyst estimates of $186.27 million. During the same period in the previous year, the company posted $0.03 EPS. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. analysts expect that Kratos Defense & Security Solutions will post -0.01 earnings per share for the current year.

In other news, Director Scot B. Jarvis acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were acquired at an average price of $10.50 per share, for a total transaction of $105,000.00. Following the completion of the purchase, the director now owns 95,200 shares in the company, valued at $999,600. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 17.92% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. IHT Wealth Management LLC purchased a new position in Kratos Defense & Security Solutions in the second quarter valued at approximately $249,000. Risk Paradigm Group LLC increased its holdings in shares of Kratos Defense & Security Solutions by 417.6% in the third quarter. Risk Paradigm Group LLC now owns 10,611 shares of the aerospace company’s stock worth $139,000 after purchasing an additional 8,561 shares during the period. Principal Financial Group Inc. bought a new position in shares of Kratos Defense & Security Solutions in the second quarter worth $126,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Kratos Defense & Security Solutions in the third quarter worth $149,000. Finally, Fortaleza Asset Management Inc. bought a new position in shares of Kratos Defense & Security Solutions in the third quarter worth $159,000. Institutional investors and hedge funds own 71.39% of the company’s stock.

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Kratos Defense & Security Solutions Company Profile

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.

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