Kratos Defense & Security Solutions (KTOS) Research Coverage Started at J P Morgan Chase & Co

J P Morgan Chase & Co assumed coverage on shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) in a research note released on Friday, MarketBeat reports. The brokerage issued a neutral rating and a $13.00 target price on the aerospace company’s stock.

A number of other brokerages have also recently weighed in on KTOS. Zacks Investment Research cut Kratos Defense & Security Solutions from a hold rating to a sell rating in a research note on Wednesday, October 4th. SunTrust Banks reiterated a hold rating and issued a $12.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Monday, October 2nd. Drexel Hamilton assumed coverage on Kratos Defense & Security Solutions in a research note on Tuesday, August 15th. They issued a buy rating and a $14.00 price objective for the company. Noble Financial reiterated a buy rating on shares of Kratos Defense & Security Solutions in a research note on Monday, August 14th. Finally, Canaccord Genuity reiterated a buy rating and issued a $15.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Monday, August 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $13.22.

Kratos Defense & Security Solutions (NASDAQ KTOS) opened at $10.07 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.86 and a quick ratio of 2.54. Kratos Defense & Security Solutions has a fifty-two week low of $6.83 and a fifty-two week high of $13.93.

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 Zacks’ consensus estimate of $0.03. The firm had revenue of $196.20 million during the quarter, compared to the consensus estimate of $186.27 million. Kratos Defense & Security Solutions had a negative return on equity of 1.21% and a negative net margin of 3.39%. The firm’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.03 earnings per share. sell-side analysts predict that Kratos Defense & Security Solutions will post -0.01 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. IHT Wealth Management LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the second quarter worth approximately $249,000. Risk Paradigm Group LLC raised its stake in shares of Kratos Defense & Security Solutions by 417.6% during 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 last quarter. Principal Financial Group Inc. purchased a new stake in shares of Kratos Defense & Security Solutions during the second quarter worth approximately $126,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth approximately $149,000. Finally, Creative Planning raised its stake in shares of Kratos Defense & Security Solutions by 31.3% during 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 last quarter. Institutional investors and hedge funds own 71.41% of the company’s stock.

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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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