Kratos Defense & Security Solutions (NASDAQ:KTOS) Lifted to Buy at Goldman Sachs Group

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

Several other analysts have also issued reports on the company. Noble Financial lowered Kratos Defense & Security Solutions from an outperform rating to a market perform rating and set a $22.35 price objective on the stock. in a research note on Wednesday, June 5th. Robert W. Baird restated an outperform rating and issued a $25.00 price objective (up previously from $19.00) on shares of Kratos Defense & Security Solutions in a research note on Tuesday, May 28th. ValuEngine lowered Kratos Defense & Security Solutions from a strong-buy rating to a buy rating in a research note on Thursday, August 1st. Citigroup lowered 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. Finally, Zacks Investment Research upgraded Kratos Defense & Security Solutions from a hold rating to a buy rating and set a $26.00 target price on the stock in a research note on Wednesday, July 3rd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $23.67.

NASDAQ:KTOS opened at $19.19 on Friday. 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 stock’s 50 day moving average price is $22.27 and its two-hundred day moving average price is $19.01. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 112.88, a P/E/G ratio of 10.49 and a beta of 1.25. 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 released its quarterly earnings data on Wednesday, July 31st. The aerospace company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04. The firm had revenue of $187.90 million for the quarter, compared to analyst estimates of $178.72 million. Kratos Defense & Security Solutions had a return on equity of 4.63% and a net margin of 1.99%. The business’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.02 earnings per share. Equities research analysts expect that Kratos Defense & Security Solutions will post 0.23 EPS for the current year.

In related news, Director Bandel L. Carano sold 500,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $19.18, for a total transaction of $9,590,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Steven S. Fendley sold 30,000 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $19.07, for a total value of $572,100.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 777,212 shares of company stock worth $15,013,995. 15.54% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Voloridge Investment Management LLC raised its position in Kratos Defense & Security Solutions by 54.2% during the 2nd quarter. Voloridge Investment Management LLC now owns 85,095 shares of the aerospace company’s stock worth $1,948,000 after purchasing an additional 29,913 shares during the last quarter. Nuveen Asset Management LLC bought a new position in Kratos Defense & Security Solutions during the 2nd quarter worth $8,326,000. UBS Asset Management Americas Inc. raised its position in Kratos Defense & Security Solutions by 26.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 78,430 shares of the aerospace company’s stock worth $1,795,000 after purchasing an additional 16,221 shares during the last quarter. Jane Street Group LLC raised its position in Kratos Defense & Security Solutions by 603.2% during the 2nd quarter. Jane Street Group LLC now owns 28,429 shares of the aerospace company’s stock worth $651,000 after purchasing an additional 24,386 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its position in Kratos Defense & Security Solutions by 29.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 685,367 shares of the aerospace company’s stock worth $15,688,000 after purchasing an additional 157,944 shares during the last quarter. 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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