Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

According to Zacks, “Kratos Defense & Security Solutions, Inc. is a specialized National Security Technology business providing mission critical products, services and solutions for United States National Security priorities. Kratos’ core capabilities are sophisticated engineering, manufacturing and system integration offerings for National Security platforms and programs. “

Several other equities analysts have also recently weighed in on the company. BidaskClub raised Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Noble Financial reaffirmed a “buy” rating on shares of Kratos Defense & Security Solutions in a report on Thursday, September 14th. SunTrust Banks, Inc. cut Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating and set a $12.00 price objective for the company. in a report on Friday, July 14th. Canaccord Genuity reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, June 9th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $9.25 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, July 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $12.78.

Kratos Defense & Security Solutions (NASDAQ KTOS) opened at 13.48 on Wednesday. Kratos Defense & Security Solutions has a 52 week low of $5.23 and a 52 week high of $13.93. The company has a 50 day moving average price of $12.70 and a 200-day moving average price of $10.79. The firm’s market capitalization is $1.17 billion.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Thursday, July 27th. The aerospace company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $185.70 million during the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 EPS. Equities analysts predict that Kratos Defense & Security Solutions will post $0.10 earnings per share for the current year.

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In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco purchased 8,905 shares of the stock in a transaction dated Monday, August 7th. The stock was bought at an average price of $11.19 per share, with a total value of $99,646.95. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 23.20% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. KCG Holdings Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 33.9% during the 1st quarter. KCG Holdings Inc. now owns 14,569 shares of the aerospace company’s stock worth $113,000 after buying an additional 3,685 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Kratos Defense & Security Solutions during the 1st quarter worth $113,000. Principal Financial Group Inc. acquired a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth $126,000. Creative Planning raised its holdings in shares of Kratos Defense & Security Solutions by 31.3% during the 2nd quarter. Creative Planning now owns 11,810 shares of the aerospace company’s stock worth $140,000 after buying an additional 2,813 shares in the last quarter. Finally, Investment Centers of America Inc. acquired a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth $161,000. 61.81% of the stock is owned by institutional investors.

About Kratos Defense & Security Solutions

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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