Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) has been assigned a consensus rating of “Buy” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $12.71.

KTOS has been the topic of several research reports. Zacks Investment Research upgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a report on Monday, May 1st. B. Riley reiterated a “buy” rating and set a $11.00 price objective on shares of Kratos Defense & Security Solutions in a report on Tuesday, May 2nd. Noble Financial reiterated a “buy” rating on shares of Kratos Defense & Security Solutions in a report on Saturday, May 6th. Canaccord Genuity reiterated a “buy” rating and set a $14.00 price objective (up previously from $10.00) on shares of Kratos Defense & Security Solutions in a report on Friday, May 19th. Finally, TheStreet upgraded shares of Kratos Defense & Security Solutions from a “d” rating to a “c-” rating in a report on Tuesday, May 30th.

In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco bought 8,905 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was bought at an average cost of $11.19 per share, with a total value of $99,646.95. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 23.20% of the company’s stock.

Large investors have recently bought and sold shares of the company. Lord Abbett & CO. LLC acquired a new stake in Kratos Defense & Security Solutions during the second quarter valued at approximately $4,042,000. Castleark Management LLC acquired a new stake in Kratos Defense & Security Solutions during the second quarter valued at approximately $7,880,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Kratos Defense & Security Solutions during the second quarter valued at approximately $633,000. IHT Wealth Management LLC acquired a new stake in Kratos Defense & Security Solutions during the second quarter valued at approximately $249,000. Finally, The Manufacturers Life Insurance Company increased its stake in Kratos Defense & Security Solutions by 22.0% in the second quarter. The Manufacturers Life Insurance Company now owns 59,995 shares of the aerospace company’s stock valued at $712,000 after buying an additional 10,799 shares during the last quarter. 74.36% of the stock is owned by institutional investors.

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Shares of Kratos Defense & Security Solutions (KTOS) traded down 1.36% on Tuesday, hitting $12.34. The stock had a trading volume of 824,147 shares. Kratos Defense & Security Solutions has a one year low of $5.23 and a one year high of $13.02. The firm has a 50 day moving average price of $12.08 and a 200 day moving average price of $9.84. The company’s market capitalization is $1.07 billion.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Thursday, July 27th. The aerospace company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $185.70 million for the quarter, compared to analyst estimates of $172.78 million. Kratos Defense & Security Solutions had a negative net margin of 3.34% and a negative return on equity of 7.12%. Kratos Defense & Security Solutions’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 earnings per share. On average, equities research analysts predict that Kratos Defense & Security Solutions will post $0.10 earnings per share for the current fiscal year.

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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