Kratos Defense & Security Solutions’ (KTOS) “Buy” Rating Reaffirmed at B. Riley

B. Riley reiterated their buy rating on shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) in a report published on Tuesday morning. B. Riley currently has a $16.00 price target on the aerospace company’s stock.

Other equities analysts also recently issued research reports about the company. BidaskClub upgraded Kratos Defense & Security Solutions from a strong sell rating to a sell rating in a report on Saturday, December 16th. Goldman Sachs Group began coverage on Kratos Defense & Security Solutions in a report on Thursday, December 7th. They set a neutral rating and a $10.50 price target on the stock. Jefferies Group increased their price target on Kratos Defense & Security Solutions from $12.70 to $13.00 and gave the company a hold rating in a report on Friday, November 3rd. SunTrust Banks reiterated a hold rating and set a $12.00 price target on shares of Kratos Defense & Security Solutions in a report on Monday, October 2nd. Finally, Noble Financial reiterated a buy rating on shares of Kratos Defense & Security Solutions in a report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $12.95.

Kratos Defense & Security Solutions (NASDAQ:KTOS) opened at $11.73 on Tuesday. Kratos Defense & Security Solutions has a twelve month low of $6.83 and a twelve month high of $13.93. 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 (NASDAQ:KTOS) last announced its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.03 EPS for the quarter, meeting the consensus estimate 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 company had revenue of $196.20 million for the quarter, compared to the consensus estimate of $186.27 million. During the same quarter last year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. research analysts anticipate that Kratos Defense & Security Solutions will post -0.06 earnings per share for the current year.

In other Kratos Defense & Security Solutions news, Director Scot B. Jarvis acquired 10,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Thursday, December 7th. The stock was bought at an average cost of $10.50 per share, with a total value of $105,000.00. Following the completion of the transaction, the director now owns 95,200 shares of the company’s stock, valued at $999,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 17.92% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. IHT Wealth Management LLC bought a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at approximately $249,000. Risk Paradigm Group LLC boosted its position 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 valued at $139,000 after acquiring an additional 8,561 shares during the period. Principal Financial Group Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at approximately $126,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the third quarter valued at approximately $149,000. Finally, Fortaleza Asset Management Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the third quarter valued at approximately $159,000. 71.39% of the stock is owned by institutional investors.

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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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