Equities researchers at Goldman Sachs Group started coverage on shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) in a report issued on Thursday, The Fly reports. The brokerage set a “neutral” rating on the aerospace company’s stock.

Other equities analysts have also issued research reports about the company. Noble Financial reiterated a “buy” rating on shares of Kratos Defense & Security Solutions in a research note on Monday, August 14th. Canaccord Genuity restated a “buy” rating and set a $15.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Monday, August 21st. Jefferies Group boosted their price objective on Kratos Defense & Security Solutions from $12.70 to $13.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Drexel Hamilton began coverage on Kratos Defense & Security Solutions in a research report on Tuesday, August 15th. They set a “buy” rating and a $14.00 price objective on the stock. Finally, BidaskClub lowered Kratos Defense & Security Solutions from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Kratos Defense & Security Solutions has an average rating of “Hold” and a consensus price target of $13.22.

Kratos Defense & Security Solutions (KTOS) traded up $0.33 during trading on Thursday, reaching $10.52. The company’s stock had a trading volume of 1,238,408 shares, compared to its average volume of 1,645,282. Kratos Defense & Security Solutions has a 12-month low of $6.83 and a 12-month high of $13.93. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.54 and a current ratio of 2.86.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.03 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03. Kratos Defense & Security Solutions had a negative return on equity of 1.21% and a negative net margin of 3.39%. The company had revenue of $196.20 million for the quarter, compared to analyst estimates of $186.27 million. During the same quarter last year, the company posted $0.03 EPS. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. equities research analysts expect that Kratos Defense & Security Solutions will post -0.01 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Fox Run Management L.L.C. acquired a new position in Kratos Defense & Security Solutions during the 1st quarter worth about $103,000. Boulegeris Investments Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the 1st quarter valued at about $110,000. KCG Holdings Inc. lifted its stake in shares of Kratos Defense & Security Solutions by 33.9% in the 1st quarter. KCG Holdings Inc. now owns 14,569 shares of the aerospace company’s stock valued at $113,000 after purchasing an additional 3,685 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of Kratos Defense & Security Solutions in the 1st quarter valued at about $113,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at about $126,000. 71.41% of the stock is currently owned by hedge funds and other institutional investors.

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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.

The Fly

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

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