Kratos Defense & Security Solutions, Inc (KTOS) Receives $9.63 Consensus Price Target from Brokerages

Shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) have received a consensus rating of “Buy” from the seven analysts that are currently covering the stock. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $9.40.

Several analysts have commented on the company. B. Riley restated a “buy” rating and issued a $11.00 price target on shares of Kratos Defense & Security Solutions in a report on Monday, March 6th. Noble Financial restated a “buy” rating on shares of Kratos Defense & Security Solutions in a report on Saturday, March 18th. Zacks Investment Research upgraded Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a report on Wednesday. Canaccord Genuity restated a “buy” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 28th. Finally, Seaport Global Securities assumed coverage on Kratos Defense & Security Solutions in a report on Friday, March 17th. They issued a “buy” rating and a $10.00 price target for the company.

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Kratos Defense & Security Solutions (NASDAQ:KTOS) traded up 0.991% during midday trading on Wednesday, hitting $7.645. 397,214 shares of the stock were exchanged. The firm’s 50 day moving average price is $7.69 and its 200 day moving average price is $7.39. The company’s market cap is $569.80 million. Kratos Defense & Security Solutions has a 12 month low of $3.75 and a 12 month high of $9.19.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Monday, February 27th. The aerospace company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.07. The company earned $182.10 million during the quarter, compared to analysts’ expectations of $177.74 million. Kratos Defense & Security Solutions had a negative return on equity of 3.73% and a negative net margin of 9.06%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.02 EPS. On average, equities research analysts forecast that Kratos Defense & Security Solutions will post $0.08 earnings per share for the current fiscal year.

In other news, Director Bandel L. Carano bought 275,862 shares of the firm’s stock in a transaction dated Tuesday, March 7th. The stock was acquired at an average price of $7.25 per share, for a total transaction of $1,999,999.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 23.20% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the company. Fox Run Management L.L.C. purchased a new stake in shares of Kratos Defense & Security Solutions during the first quarter worth about $103,000. Teachers Advisors LLC boosted its stake in shares of Kratos Defense & Security Solutions by 31.5% in the fourth quarter. Teachers Advisors LLC now owns 123,244 shares of the aerospace company’s stock worth $912,000 after buying an additional 29,517 shares during the last quarter. Oak Management Corp boosted its stake in shares of Kratos Defense & Security Solutions by 7.0% in the fourth quarter. Oak Management Corp now owns 12,658,345 shares of the aerospace company’s stock worth $93,672,000 after buying an additional 833,000 shares during the last quarter. ICM Asset Management Inc. WA boosted its stake in shares of Kratos Defense & Security Solutions by 18.1% in the fourth quarter. ICM Asset Management Inc. WA now owns 309,270 shares of the aerospace company’s stock worth $2,289,000 after buying an additional 47,351 shares during the last quarter. Finally, ARS Investment Partners LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth about $1,508,000. Institutional investors and hedge funds own 62.10% of the company’s stock.

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.

5 Day Chart for NASDAQ:KTOS

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