Zacks Investment Research upgraded shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from a hold rating to a buy rating in a research report report published on Friday. They currently have $17.00 target price on the aerospace company’s stock.

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 research analysts have also commented on KTOS. BidaskClub raised Kratos Defense & Security Solutions from a hold rating to a buy rating in a research report on Tuesday, July 17th. Noble Financial reaffirmed a buy rating and set a $20.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, August 3rd. ValuEngine raised Kratos Defense & Security Solutions from a buy rating to a strong-buy rating in a research report on Wednesday. Finally, B. Riley reaffirmed a buy rating on shares of Kratos Defense & Security Solutions in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $14.75.

KTOS stock traded down $0.01 during trading on Friday, hitting $15.54. 2,500,469 shares of the company’s stock were exchanged, compared to its average volume of 960,777. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 388.50, a PEG ratio of 17.36 and a beta of 2.34. Kratos Defense & Security Solutions has a 52-week low of $8.90 and a 52-week high of $16.09. The company has a quick ratio of 2.59, a current ratio of 2.89 and a debt-to-equity ratio of 0.57.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Tuesday, November 6th. The aerospace company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.03 by $0.05. The company 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%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 earnings per share. As a group, sell-side analysts anticipate that Kratos Defense & Security Solutions will post 0.12 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. HAP Trading LLC acquired a new position in shares of Kratos Defense & Security Solutions in the third quarter valued at approximately $496,000. FMR LLC increased its holdings in shares of Kratos Defense & Security Solutions by 44.3% in the third quarter. FMR LLC now owns 8,722,104 shares of the aerospace company’s stock valued at $128,913,000 after purchasing an additional 2,676,121 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Kratos Defense & Security Solutions by 22.1% in the third quarter. Bank of New York Mellon Corp now owns 545,662 shares of the aerospace company’s stock valued at $8,065,000 after purchasing an additional 98,859 shares during the period. Granite Investment Partners LLC increased its holdings in shares of Kratos Defense & Security Solutions by 4.1% in the third quarter. Granite Investment Partners LLC now owns 1,255,216 shares of the aerospace company’s stock valued at $18,552,000 after purchasing an additional 49,862 shares during the period. Finally, EAM Investors LLC acquired a new position in shares of Kratos Defense & Security Solutions in the third quarter valued at approximately $3,422,000. 90.75% of the stock is currently owned by institutional investors.

About Kratos Defense & Security Solutions

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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