BidaskClub downgraded shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from a hold rating to a sell rating in a research note published on Tuesday, BidAskClub reports.

A number of other equities analysts have also issued reports on KTOS. 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 for the company in a research report on Wednesday, July 3rd. Canaccord Genuity set a $28.00 price target on shares of Kratos Defense & Security Solutions and gave the stock a buy rating in a research report on Friday, August 16th. Goldman Sachs Group raised shares of Kratos Defense & Security Solutions from a neutral rating to a buy rating and raised their price target for the stock from $24.00 to $26.00 in a research report on Friday, August 16th. Citigroup lowered shares of Kratos Defense & Security Solutions from an outperform rating to a market perform rating in a research report on Wednesday, June 5th. They noted that the move was a valuation call. Finally, Noble Financial lowered shares of Kratos Defense & Security Solutions from an outperform rating to a market perform rating and set a $22.35 price target for the company. in a research report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $23.67.

Shares of Kratos Defense & Security Solutions stock traded up $0.05 during midday trading on Tuesday, hitting $20.00. The company had a trading volume of 44,640 shares, compared to its average volume of 1,252,154. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 118.00, a PEG ratio of 10.92 and a beta of 1.33. The company has a quick ratio of 2.33, a current ratio of 2.73 and a debt-to-equity ratio of 0.59. The company has a fifty day simple moving average of $20.17 and a 200 day simple moving average of $19.33. Kratos Defense & Security Solutions has a 12-month low of $11.91 and a 12-month high of $25.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Wednesday, July 31st. The aerospace company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. Kratos Defense & Security Solutions had a net margin of 1.99% and a return on equity of 4.63%. The firm had revenue of $187.90 million during the quarter, compared to analyst estimates of $178.72 million. During the same period last year, the firm posted $0.02 EPS. Kratos Defense & Security Solutions’s revenue was up 24.3% on a year-over-year basis. As a group, analysts expect that Kratos Defense & Security Solutions will post 0.23 EPS for the current year.

In other news, insider Thomas E. Iv Mills sold 6,467 shares of the firm’s stock in a transaction that occurred 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 David M. Carter sold 14,720 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $19.80, for a total transaction of $291,456.00. The disclosure for this sale can be found here. Insiders have sold a total of 791,932 shares of company stock worth $15,305,451 in the last ninety days. Corporate insiders own 15.54% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP acquired a new stake in Kratos Defense & Security Solutions in the 1st quarter valued at $35,000. US Bancorp DE grew its stake in Kratos Defense & Security Solutions by 30.6% in the 2nd quarter. US Bancorp DE now owns 3,739 shares of the aerospace company’s stock valued at $85,000 after acquiring an additional 877 shares during the period. Advisory Services Network LLC grew its stake in Kratos Defense & Security Solutions by 795.6% in the 1st quarter. Advisory Services Network LLC now owns 4,478 shares of the aerospace company’s stock valued at $70,000 after acquiring an additional 3,978 shares during the period. NEXT Financial Group Inc acquired a new stake in Kratos Defense & Security Solutions in the 2nd quarter valued at $105,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in Kratos Defense & Security Solutions in the 1st quarter valued at $81,000. 84.21% of the stock is currently owned by hedge funds and other 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 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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