Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)‘s stock had its “hold” rating reissued by investment analysts at Jefferies Group LLC in a report released on Friday. They presently have a $9.25 price target on the aerospace company’s stock. Jefferies Group LLC’s target price would suggest a potential downside of 22.27% from the stock’s previous close.

A number of other research analysts also recently commented on KTOS. Noble Financial reaffirmed a “buy” rating on shares of Kratos Defense & Security Solutions in a research report on Saturday, May 6th. B. Riley reaffirmed a “buy” rating and issued a $16.00 target price on shares of Kratos Defense & Security Solutions in a research report on Tuesday. Canaccord Genuity reaffirmed a “buy” rating and issued a $14.00 target price on shares of Kratos Defense & Security Solutions in a research report on Thursday, July 6th. BidaskClub raised shares of Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Finally, SunTrust Banks, Inc. cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating and set a $12.00 price target for the company. in a research note on Friday. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Kratos Defense & Security Solutions currently has an average rating of “Buy” and a consensus price target of $11.63.

Shares of Kratos Defense & Security Solutions (NASDAQ KTOS) traded down 7.54% during midday trading on Friday, reaching $11.90. 4,065,252 shares of the company’s stock traded hands. Kratos Defense & Security Solutions has a 1-year low of $4.01 and a 1-year high of $12.44. The stock’s market capitalization is $1.03 billion. The firm’s 50-day moving average price is $10.72 and its 200 day moving average price is $8.60.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Thursday, May 4th. The aerospace company reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.04. The firm had revenue of $167.80 million for the quarter, compared to the consensus estimate of $159.53 million. Kratos Defense & Security Solutions had a negative net margin of 7.07% and a negative return on equity of 1.02%. The company’s revenue was up 9.7% on a year-over-year basis. During the same period last year, the firm posted ($0.13) EPS. On average, equities analysts predict that Kratos Defense & Security Solutions will post $0.10 earnings per share for the current fiscal year.

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In other news, CEO Eric M. Demarco bought 10,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Tuesday, May 30th. The stock was bought at an average price of $10.57 per share, for a total transaction of $105,700.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 23.20% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Eqis Capital Management Inc. boosted its stake in Kratos Defense & Security Solutions by 12.3% in the second quarter. Eqis Capital Management Inc. now owns 65,656 shares of the aerospace company’s stock valued at $779,000 after buying an additional 7,177 shares during the period. Creative Planning boosted its stake in Kratos Defense & Security Solutions by 31.3% in the second quarter. Creative Planning now owns 11,810 shares of the aerospace company’s stock valued at $140,000 after buying an additional 2,813 shares during the period. Goldman Sachs Group Inc. boosted its stake in Kratos Defense & Security Solutions by 26.6% in the first quarter. Goldman Sachs Group Inc. now owns 23,769 shares of the aerospace company’s stock valued at $185,000 after buying an additional 4,999 shares during the period. Driehaus Capital Management LLC boosted its stake in Kratos Defense & Security Solutions by 65.6% in the first quarter. Driehaus Capital Management LLC now owns 936,186 shares of the aerospace company’s stock valued at $7,284,000 after buying an additional 370,899 shares during the period. Finally, HighTower Advisors LLC boosted its stake in Kratos Defense & Security Solutions by 20.9% in the first quarter. HighTower Advisors LLC now owns 252,174 shares of the aerospace company’s stock valued at $1,963,000 after buying an additional 43,639 shares during the period. Institutional investors own 73.93% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc is a technology, intellectual property and proprietary product and solution company focused on the United States and its allies’ national security. The Kratos Government Solutions segment includes the operations of Defense Rocket Support Services, Microwave Electronics Division, Technical and Training Solutions, and Modular Systems, which provide technology-based defense solutions, involving products and services, with the focus relating to the nation’s Command, Control, Communications, Computing, Combat Systems, Intelligence, Surveillance and Reconnaissance requirements.

Analyst Recommendations for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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