Kratos Defense & Security Solutions, Inc. (KTOS) Rating Reiterated by Noble Financial

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)‘s stock had its “buy” rating reissued by equities research analysts at Noble Financial in a research report issued to clients and investors on Thursday.

Other analysts also recently issued reports about the company. Canaccord Genuity restated a “buy” rating and issued a $14.00 target price (up from $10.00) on shares of Kratos Defense & Security Solutions in a research note on Friday, May 19th. BidaskClub cut shares of Kratos Defense & Security Solutions from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. B. Riley reaffirmed a “buy” rating and issued a $16.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, July 28th. Zacks Investment Research raised shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Wednesday, July 19th. Finally, Drexel Hamilton initiated coverage on shares of Kratos Defense & Security Solutions in a research report on Tuesday, August 15th. They issued a “buy” rating and a $14.00 price target on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Kratos Defense & Security Solutions has an average rating of “Buy” and an average target price of $12.78.

Kratos Defense & Security Solutions (NASDAQ:KTOS) traded up 1.99% during mid-day trading on Thursday, reaching $11.78. The company had a trading volume of 2,624,140 shares. The company’s market capitalization is $1.03 billion. Kratos Defense & Security Solutions has a one year low of $5.23 and a one year high of $13.93. The stock has a 50 day moving average price of $12.21 and a 200 day moving average price of $10.25.

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

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In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco purchased 8,905 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average price of $11.19 per share, with a total value of $99,646.95. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 23.20% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the business. Lord Abbett & CO. LLC bought a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $4,042,000. Castleark Management LLC bought a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $7,880,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $633,000. IHT Wealth Management LLC bought a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $249,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Kratos Defense & Security Solutions by 22.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 59,995 shares of the aerospace company’s stock worth $712,000 after buying an additional 10,799 shares in the last quarter. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

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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