Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Receives Average Recommendation of “Hold” from Analysts

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOSGet Rating) has earned a consensus rating of “Hold” from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $16.38.

Several research analysts have recently commented on the stock. TheStreet lowered shares of Kratos Defense & Security Solutions from a “c-” rating to a “d+” rating in a research note on Thursday, October 6th. Jefferies Financial Group dropped their price target on shares of Kratos Defense & Security Solutions from $16.00 to $12.00 and set a “hold” rating on the stock in a research note on Thursday, October 6th. The Goldman Sachs Group dropped their price target on shares of Kratos Defense & Security Solutions from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 12th. StockNews.com assumed coverage on shares of Kratos Defense & Security Solutions in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Noble Financial decreased their price objective on shares of Kratos Defense & Security Solutions to $18.00 in a report on Tuesday, November 15th.

Kratos Defense & Security Solutions Stock Down 2.0 %

Kratos Defense & Security Solutions stock opened at $10.85 on Friday. The firm has a market cap of $1.37 billion, a PE ratio of -45.21 and a beta of 0.82. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.25 and a current ratio of 2.82. The firm’s 50 day moving average price is $9.85 and its two-hundred day moving average price is $11.63. Kratos Defense & Security Solutions has a twelve month low of $8.90 and a twelve month high of $22.26.

Kratos Defense & Security Solutions (NASDAQ:KTOSGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The aerospace company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm had revenue of $228.60 million for the quarter, compared to analyst estimates of $227.06 million. Kratos Defense & Security Solutions had a negative net margin of 3.63% and a positive return on equity of 1.90%. On average, research analysts predict that Kratos Defense & Security Solutions will post 0.1 EPS for the current fiscal year.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, Director Samuel N. Liberatore sold 8,000 shares of the stock in a transaction on Monday, November 14th. The shares were sold at an average price of $10.56, for a total value of $84,480.00. Following the completion of the sale, the director now directly owns 1,253 shares of the company’s stock, valued at approximately $13,231.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.06% of the stock is owned by insiders.

Institutional Trading of Kratos Defense & Security Solutions

A number of hedge funds have recently bought and sold shares of KTOS. Massachusetts Financial Services Co. MA bought a new stake in Kratos Defense & Security Solutions in the 2nd quarter valued at $16,282,000. State Street Corp lifted its holdings in shares of Kratos Defense & Security Solutions by 25.6% during the 1st quarter. State Street Corp now owns 5,561,512 shares of the aerospace company’s stock worth $113,900,000 after acquiring an additional 1,134,464 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 107.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,696,230 shares of the aerospace company’s stock worth $23,543,000 after acquiring an additional 877,043 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 290.9% during the 1st quarter. Renaissance Technologies LLC now owns 713,799 shares of the aerospace company’s stock worth $14,619,000 after acquiring an additional 531,200 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 34.2% during the 2nd quarter. Franklin Resources Inc. now owns 1,930,891 shares of the aerospace company’s stock worth $26,801,000 after acquiring an additional 492,083 shares during the period. 83.56% of the stock is owned by institutional investors.

About Kratos Defense & Security Solutions

(Get Rating)

Kratos Defense & Security Solutions, Inc operates as a government contractor of the U.S. Department of Defense. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, space and satellite communications, training and cybersecurity/ warfare, C5ISR/ modular systems, turbine technologies, and defense and rocket support services.

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

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