Zacks: Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) Given $7.50 Consensus Target Price by Brokerages
Shares of Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) have received an average broker rating score of 2.00 (Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. Kratos Defense & Security Solutions’ rating score has declined by 33.3% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 12 month consensus price target of $7.50 for the company and are expecting that the company will post ($0.07) EPS for the current quarter, according to Zacks. Zacks has also assigned Kratos Defense & Security Solutions an industry rank of 59 out of 265 based on the ratings given to related companies.
A number of equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Kratos Defense & Security Solutions from a “strong-buy” rating to a “hold” rating in a report on Wednesday. B. Riley reiterated a “buy” rating and issued a $9.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, August 9th. Finally, Jefferies Group reiterated a “neutral” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, July 5th.
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In other news, Director William A. Hoglund acquired 50,000 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was bought at an average price of $5.59 per share, with a total value of $279,500.00. Following the transaction, the director now directly owns 250,000 shares in the company, valued at approximately $1,397,500. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Eric M. Demarco acquired 8,904 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The stock was purchased at an average cost of $5.56 per share, with a total value of $49,506.24. The disclosure for this purchase can be found here. 23.20% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in KTOS. Metropolitan Life Insurance Co. NY purchased a new position in shares of Kratos Defense & Security Solutions during the second quarter worth approximately $143,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Kratos Defense & Security Solutions during the first quarter worth approximately $357,000. Commonwealth Equity Services Inc increased its position in shares of Kratos Defense & Security Solutions by 25.4% in the first quarter. Commonwealth Equity Services Inc now owns 76,604 shares of the company’s stock worth $379,000 after buying an additional 15,500 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Kratos Defense & Security Solutions during the second quarter worth approximately $354,000. Finally, Algert Global LLC purchased a new position in shares of Kratos Defense & Security Solutions during the second quarter worth approximately $447,000. 66.53% of the stock is owned by institutional investors.
Kratos Defense & Security Solutions (NASDAQ:KTOS) traded down 2.08% during midday trading on Friday, reaching $6.58. 164,551 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $6.85 and a 200 day moving average price of $5.20. The company has a market cap of $397.66 million, a price-to-earnings ratio of 21.16 and a beta of 1.23. Kratos Defense & Security Solutions has a 52 week low of $2.80 and a 52 week high of $7.58.
Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.10. Kratos Defense & Security Solutions had a negative return on equity of 4.96% and a net margin of 2.80%. The company had revenue of $168.20 million for the quarter, compared to analyst estimates of $158.93 million. During the same quarter in the previous year, the business earned ($0.02) earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. Analysts anticipate that Kratos Defense & Security Solutions will post ($0.14) EPS for the current year.
Kratos Defense & Security Solutions Company Profile
Kratos Defense & Security Solutions, Inc offers various technologies, products and solutions focused on the United States and its allies’ national security. The Company’s segments include Kratos Government Solutions (KGS), Unmanned Systems (US) and Public Safety & Security (PSS). The KGS segment includes the operations of Defense Rocket Support Services (DRSS), Microwave Electronics Division (ME), Technical and Training Solutions (TTS), and Modular Systems (MS), which provide technology-based defense solutions, involving products and services, primarily for the United States National Security priorities.
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