Kratos Defense & Security Solutions (KTOS) Rating Reiterated by Jefferies Group

Jefferies Group reiterated their hold rating on shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) in a report issued on Monday morning. They currently have a $12.50 price objective on the aerospace company’s stock.

KTOS has been the subject of a number of other reports. B. Riley restated a buy rating and set a $16.00 price target 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 began coverage on Kratos Defense & Security Solutions in a research note on Thursday, December 7th. They set a neutral rating and a $10.50 price target for the company. JPMorgan Chase & Co. began coverage on Kratos Defense & Security Solutions in a research report on Friday, December 1st. They set a neutral rating and a $13.00 price objective on the stock. Finally, Zacks Investment Research raised Kratos Defense & Security Solutions from a sell rating to a hold rating in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. Kratos Defense & Security Solutions currently has an average rating of Hold and an average target price of $12.90.

Kratos Defense & Security Solutions (NASDAQ:KTOS) traded down $0.42 during trading on Monday, hitting $11.29. The company’s stock had a trading volume of 1,516,695 shares, compared to its average volume of 1,540,000. The company has a market cap of $1,170.00, a P/E ratio of -36.42, 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. The company has a current ratio of 2.86, a quick ratio of 2.54 and a debt-to-equity ratio of 0.70.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released 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 business 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 business’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.03 EPS. equities research analysts forecast that Kratos Defense & Security Solutions will post -0.01 EPS for the current fiscal year.

In related news, Director Scot B. Jarvis acquired 10,000 shares of the stock in a transaction dated Thursday, December 7th. The shares were purchased at an average cost of $10.50 per share, with a total value of $105,000.00. Following the transaction, the director now directly owns 95,200 shares in the company, valued at $999,600. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 17.92% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Capital World Investors lifted its position in shares of Kratos Defense & Security Solutions by 32.2% during the 2nd quarter. Capital World Investors now owns 4,487,000 shares of the aerospace company’s stock valued at $53,261,000 after buying an additional 1,092,000 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Kratos Defense & Security Solutions by 7.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,963,668 shares of the aerospace company’s stock valued at $35,179,000 after buying an additional 202,727 shares in the last quarter. State Street Corp lifted its position in shares of Kratos Defense & Security Solutions by 28.1% during the 2nd quarter. State Street Corp now owns 2,703,519 shares of the aerospace company’s stock valued at $32,092,000 after buying an additional 593,779 shares in the last quarter. Emerald Advisers Inc. PA lifted its holdings in Kratos Defense & Security Solutions by 12.4% in the 3rd quarter. Emerald Advisers Inc. PA now owns 2,202,877 shares of the aerospace company’s stock worth $28,814,000 after purchasing an additional 242,805 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its holdings in Kratos Defense & Security Solutions by 12.2% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 1,826,953 shares of the aerospace company’s stock worth $23,897,000 after purchasing an additional 198,296 shares in the last quarter. 71.39% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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