Goldman Sachs Group upgraded shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from a neutral rating to a buy rating in a research note issued to investors on Friday morning, 24/7 WallStreet reports. They currently have $26.00 target price on the aerospace company’s stock, up from their previous target price of $24.00.

A number of other equities analysts also recently weighed in on KTOS. Noble Financial downgraded Kratos Defense & Security Solutions from an outperform rating to a market perform rating and set a $22.35 target price on the stock. in a research note on Wednesday, June 5th. ValuEngine cut shares of Kratos Defense & Security Solutions from a strong-buy rating to a buy rating in a report on Thursday, August 1st. Zacks Investment Research raised shares of Kratos Defense & Security Solutions from a hold rating to a buy rating and set a $26.00 price target on the stock in a report on Wednesday, July 3rd. Canaccord Genuity lifted their price target on shares of Kratos Defense & Security Solutions from $20.00 to $28.00 and gave the stock a buy rating in a report on Friday, July 26th. They noted that the move was a valuation call. Finally, BidaskClub cut shares of Kratos Defense & Security Solutions from a buy rating to a hold rating in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of Buy and an average target price of $23.67.

Shares of NASDAQ KTOS opened at $19.19 on Friday. Kratos Defense & Security Solutions has a twelve month low of $11.91 and a twelve month high of $25.08. The stock’s 50 day moving average price is $22.27 and its 200-day moving average price is $19.01. The company has a market capitalization of $2.03 billion, a PE ratio of 112.88, a PEG ratio of 10.49 and a beta of 1.25. The company has a quick ratio of 2.33, a current ratio of 2.73 and a debt-to-equity ratio of 0.59.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Wednesday, July 31st. The aerospace company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. Kratos Defense & Security Solutions had a return on equity of 4.63% and a net margin of 1.99%. The firm had revenue of $187.90 million for the quarter, compared to the consensus estimate of $178.72 million. During the same quarter in the previous year, the business earned $0.02 EPS. The company’s revenue was up 24.3% compared to the same quarter last year. As a group, research analysts expect that Kratos Defense & Security Solutions will post 0.23 EPS for the current fiscal year.

In other Kratos Defense & Security Solutions news, insider Thomas E. Iv Mills sold 6,467 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $19.11, for a total transaction of $123,584.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Steven S. Fendley sold 30,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $19.07, for a total transaction of $572,100.00. The disclosure for this sale can be found here. Insiders sold a total of 777,212 shares of company stock worth $15,013,995 in the last ninety days. 15.54% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the business. Voloridge Investment Management LLC grew its position in Kratos Defense & Security Solutions by 54.2% in the second quarter. Voloridge Investment Management LLC now owns 85,095 shares of the aerospace company’s stock worth $1,948,000 after acquiring an additional 29,913 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in Kratos Defense & Security Solutions in the second quarter worth $8,326,000. UBS Asset Management Americas Inc. boosted its position in Kratos Defense & Security Solutions by 26.1% during the second quarter. UBS Asset Management Americas Inc. now owns 78,430 shares of the aerospace company’s stock valued at $1,795,000 after buying an additional 16,221 shares during the period. Jane Street Group LLC boosted its position in Kratos Defense & Security Solutions by 603.2% during the second quarter. Jane Street Group LLC now owns 28,429 shares of the aerospace company’s stock valued at $651,000 after buying an additional 24,386 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its position in Kratos Defense & Security Solutions by 29.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 685,367 shares of the aerospace company’s stock valued at $15,688,000 after buying an additional 157,944 shares during the period. 81.60% of the stock is currently owned by institutional investors and hedge funds.

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 two segments, Kratos Government Solutions and Unmanned Systems. 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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