Kratos Defense & Security Solutions (KTOS) Downgraded by BidaskClub to Hold

BidaskClub lowered shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

KTOS has been the topic of several other research reports. Robert W. Baird began coverage on Kratos Defense & Security Solutions in a report on Monday, December 3rd. They issued an outperform rating and a $19.00 target price on the stock. Zacks Investment Research lowered Kratos Defense & Security Solutions from a hold rating to a sell rating in a report on Thursday, August 9th. B. Riley reissued a buy rating on shares of Kratos Defense & Security Solutions in a report on Wednesday, November 7th. Finally, ValuEngine raised Kratos Defense & Security Solutions from a buy rating to a strong-buy rating in a report on Wednesday, November 7th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Kratos Defense & Security Solutions has an average rating of Buy and a consensus target price of $16.21.

NASDAQ:KTOS opened at $13.64 on Wednesday. The firm has a market capitalization of $1.43 billion, a P/E ratio of 341.00, a price-to-earnings-growth ratio of 12.90 and a beta of 2.47. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.60 and a current ratio of 2.89. Kratos Defense & Security Solutions has a 12 month low of $8.90 and a 12 month high of $16.09.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Tuesday, November 6th. The aerospace company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.03 by $0.05. The firm had revenue of $159.40 million for the quarter, compared to analyst estimates of $157.65 million. Kratos Defense & Security Solutions had a positive return on equity of 3.99% and a negative net margin of 4.64%. Kratos Defense & Security Solutions’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.03 earnings per share. Analysts predict that Kratos Defense & Security Solutions will post 0.14 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of KTOS. Royal Bank of Canada grew its holdings in shares of Kratos Defense & Security Solutions by 119.3% during the first quarter. Royal Bank of Canada now owns 20,425 shares of the aerospace company’s stock worth $210,000 after purchasing an additional 11,112 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new position in shares of Kratos Defense & Security Solutions during the second quarter worth about $476,000. First Trust Advisors LP grew its holdings in shares of Kratos Defense & Security Solutions by 246.7% during the second quarter. First Trust Advisors LP now owns 74,667 shares of the aerospace company’s stock worth $859,000 after purchasing an additional 53,131 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its holdings in shares of Kratos Defense & Security Solutions by 18.6% during the second quarter. Kornitzer Capital Management Inc. KS now owns 103,200 shares of the aerospace company’s stock worth $1,188,000 after purchasing an additional 16,200 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Kratos Defense & Security Solutions by 4,596.4% during the second quarter. Sei Investments Co. now owns 19,443 shares of the aerospace company’s stock worth $224,000 after purchasing an additional 19,029 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through three segments: Kratos Government Solutions, Unmanned Systems, and Public Safety & Security. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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

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