Kratos Defense & Security Solutions, Inc. (KTOS) PT Set at $16.00 by B. Riley

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) received a $16.00 price objective from equities researchers at B. Riley in a research note issued to investors on Monday. The firm currently has a “buy” rating on the aerospace company’s stock. B. Riley’s price objective points to a potential upside of 33.00% from the company’s previous close.

Several other research analysts have also weighed in on KTOS. Noble Financial restated a “buy” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, August 8th. BidaskClub lowered shares of Kratos Defense & Security Solutions from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. SunTrust Banks, Inc. restated a “hold” rating and set a $12.00 target price on shares of Kratos Defense & Security Solutions in a research report on Monday, October 2nd. Zacks Investment Research lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Drexel Hamilton began coverage on shares of Kratos Defense & Security Solutions in a research report on Tuesday, August 15th. They set a “buy” rating and a $14.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $12.78.

Kratos Defense & Security Solutions (NASDAQ:KTOS) opened at 12.03 on Monday. The company has a 50-day moving average of $12.77 and a 200-day moving average of $11.36. The stock’s market capitalization is $1.05 billion. Kratos Defense & Security Solutions has a 52 week low of $5.40 and a 52 week high of $13.93.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Thursday, July 27th. The aerospace company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. Kratos Defense & Security Solutions had a negative net margin of 6.29% and a negative return on equity of 1.40%. The company had revenue of $185.70 million for the quarter, compared to analyst estimates of $172.78 million. During the same period in the prior year, the business posted $0.01 earnings per share. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Analysts anticipate that Kratos Defense & Security Solutions will post $0.10 earnings per share for the current year.

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In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco purchased 8,905 shares of the stock in a transaction dated Monday, August 7th. The shares were acquired at an average cost of $11.19 per share, for a total transaction of $99,646.95. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.20% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Fortaleza Asset Management Inc. acquired a new stake in shares of Kratos Defense & Security Solutions in the third quarter valued at approximately $159,000. Peregrine Capital Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the third quarter valued at approximately $19,546,000. Lord Abbett & CO. LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at approximately $4,042,000. Castleark Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at approximately $7,880,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at approximately $633,000. Institutional investors and hedge funds 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.

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