Kratos Defense & Security Solutions (NASDAQ:KTOS) Given a $28.00 Price Target at Canaccord Genuity

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Kratos Defense & Security Solutions (NASDAQ:KTOS) has been given a $28.00 target price by investment analysts at Canaccord Genuity in a research report issued to clients and investors on Friday, TipRanks reports. The firm currently has a “buy” rating on the aerospace company’s stock. Canaccord Genuity’s target price would indicate a potential upside of 45.91% from the company’s previous close.

Several other research analysts also recently commented on KTOS. Citigroup downgraded Kratos Defense & Security Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 5th. They noted that the move was a valuation call. BidaskClub downgraded Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Zacks Investment Research upgraded Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Wednesday, July 3rd. Goldman Sachs Group upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $24.00 to $26.00 in a research note on Friday. Finally, Robert W. Baird reiterated an “outperform” rating and set a $25.00 target price (up from $19.00) on shares of Kratos Defense & Security Solutions in a research note on Tuesday, May 28th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $23.67.

Shares of NASDAQ KTOS traded up $0.09 during midday trading on Friday, hitting $19.19. 1,253,191 shares of the company’s stock were exchanged, compared to its average volume of 1,232,378. 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 has a 12 month low of $11.91 and a 12 month high of $25.08. The company’s 50 day moving average price is $22.50 and its 200 day moving average price is $19.01. The firm has a market capitalization of $2.03 billion, a PE ratio of 112.88, a price-to-earnings-growth ratio of 10.49 and a beta of 1.25.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Wednesday, July 31st. The aerospace company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $187.90 million during the quarter, compared to the consensus estimate of $178.72 million. During the same period in the previous year, the company posted $0.02 EPS. The firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. On average, equities research analysts anticipate that Kratos Defense & Security Solutions will post 0.23 EPS for the current year.

In related news, CFO Deanna H. Lund sold 123,245 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $19.65, for a total transaction of $2,421,764.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas E. Iv Mills sold 6,467 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $19.11, for a total value of $123,584.37. The disclosure for this sale can be found here. Over the last three months, insiders have sold 777,212 shares of company stock valued at $15,013,995. 15.54% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in Kratos Defense & Security Solutions by 13.8% in the 4th quarter. Bank of America Corp DE now owns 194,632 shares of the aerospace company’s stock valued at $2,741,000 after acquiring an additional 23,631 shares in the last quarter. Legal & General Group Plc raised its holdings in Kratos Defense & Security Solutions by 21.0% in the 4th quarter. Legal & General Group Plc now owns 16,787 shares of the aerospace company’s stock valued at $237,000 after acquiring an additional 2,917 shares in the last quarter. Deutsche Bank AG raised its holdings in Kratos Defense & Security Solutions by 2.8% in the 4th quarter. Deutsche Bank AG now owns 232,748 shares of the aerospace company’s stock valued at $3,277,000 after acquiring an additional 6,371 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Kratos Defense & Security Solutions by 136.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 16,345 shares of the aerospace company’s stock valued at $255,000 after acquiring an additional 9,421 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in Kratos Defense & Security Solutions by 11.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 21,800 shares of the aerospace company’s stock valued at $341,000 after acquiring an additional 2,300 shares in the last quarter. 81.60% of the stock is owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Company Profile

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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