Kratos Defense & Security Solutions (NASDAQ:KTOS) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report issued on Tuesday, ValuEngine reports.

KTOS has been the subject of a number of other research reports. Goldman Sachs Group upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $24.00 to $26.00 in a research report on Friday, August 16th. Noble Financial upgraded Kratos Defense & Security Solutions from a “market perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a report on Wednesday, October 2nd. BidaskClub upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Robert W. Baird set a $25.00 price objective on Kratos Defense & Security Solutions and gave the company a “buy” rating in a report on Monday, September 23rd. Finally, Canaccord Genuity set a $28.00 price objective on Kratos Defense & Security Solutions and gave the company a “buy” rating in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $23.75.

KTOS stock opened at $17.70 on Tuesday. The company has a market cap of $1.92 billion, a P/E ratio of 104.12, a PEG ratio of 9.83 and a beta of 1.31. Kratos Defense & Security Solutions has a twelve month low of $12.31 and a twelve month high of $25.08. The company has a quick ratio of 2.47, a current ratio of 2.84 and a debt-to-equity ratio of 0.59. The business has a fifty day moving average of $19.01 and a 200-day moving average of $20.54.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Tuesday, November 5th. The aerospace company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $184.10 million during the quarter, compared to the consensus estimate of $184.32 million. Kratos Defense & Security Solutions had a return on equity of 4.54% and a net margin of 2.04%. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.08 earnings per share. As a group, equities research analysts anticipate that Kratos Defense & Security Solutions will post 0.25 earnings per share for the current fiscal year.

In related news, SVP Benjamin M. Goodwin sold 70,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $19.77, for a total value of $1,383,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric M. Demarco sold 293,481 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $19.50, for a total value of $5,722,879.50. The disclosure for this sale can be found here. Insiders sold 396,772 shares of company stock valued at $7,749,219 in the last quarter. 15.54% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in KTOS. Marshall Wace LLP bought a new stake in shares of Kratos Defense & Security Solutions in the first quarter worth about $35,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the first quarter worth about $81,000. NEXT Financial Group Inc bought a new stake in shares of Kratos Defense & Security Solutions in the second quarter worth about $105,000. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Kratos Defense & Security Solutions in the second quarter worth about $419,000. Finally, First Trust Advisors LP bought a new stake in shares of Kratos Defense & Security Solutions in the second quarter worth about $2,897,000. Institutional investors own 85.34% of the company’s stock.

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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