Kratos Defense & Security Solutions, Inc (KTOS) Given Average Recommendation of “Hold” by Brokerages

Shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) have been given a consensus recommendation of “Hold” by the twelve analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $12.88.

A number of research firms recently commented on KTOS. Canaccord Genuity reiterated a “buy” rating and set a $15.00 target price on shares of Kratos Defense & Security Solutions in a report on Wednesday, November 1st. B. Riley set a $16.00 target price on Kratos Defense & Security Solutions and gave the stock a “buy” rating in a report on Monday, October 30th. BidaskClub upgraded Kratos Defense & Security Solutions from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 31st. Jefferies Group increased their target price on Kratos Defense & Security Solutions from $12.70 to $13.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. Finally, Noble Financial reiterated a “buy” rating on shares of Kratos Defense & Security Solutions in a report on Thursday, January 4th.

Kratos Defense & Security Solutions (NASDAQ KTOS) traded up $0.10 during mid-day trading on Tuesday, hitting $11.35. The stock had a trading volume of 1,584,200 shares, compared to its average volume of 1,955,484. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.54 and a current ratio of 2.86. The firm has a market cap of $1,180.00, a P/E ratio of -36.61, a P/E/G ratio of 6.38 and a beta of 1.97. Kratos Defense & Security Solutions has a one year low of $6.96 and a one year high of $13.93.

In related news, Director Scot B. Jarvis acquired 10,000 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was purchased at an average cost of $10.50 per share, for a total transaction of $105,000.00. Following the completion of the transaction, the director now directly owns 95,200 shares of the company’s stock, valued at approximately $999,600. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 17.92% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN increased its holdings in shares of Kratos Defense & Security Solutions by 5.6% during the second quarter. Wells Fargo & Company MN now owns 60,445 shares of the aerospace company’s stock worth $717,000 after purchasing an additional 3,199 shares during the period. Advisor Group Inc. increased its stake in Kratos Defense & Security Solutions by 22.6% in the second quarter. Advisor Group Inc. now owns 18,934 shares of the aerospace company’s stock valued at $225,000 after acquiring an additional 3,493 shares during the last quarter. Voya Investment Management LLC increased its stake in Kratos Defense & Security Solutions by 25.5% in the second quarter. Voya Investment Management LLC now owns 32,316 shares of the aerospace company’s stock valued at $384,000 after acquiring an additional 6,567 shares during the last quarter. California Public Employees Retirement System increased its stake in Kratos Defense & Security Solutions by 1.4% in the third quarter. California Public Employees Retirement System now owns 493,435 shares of the aerospace company’s stock valued at $6,454,000 after acquiring an additional 7,035 shares during the last quarter. Finally, B. Riley Financial Inc. increased its stake in Kratos Defense & Security Solutions by 8.1% in the fourth quarter. B. Riley Financial Inc. now owns 102,213 shares of the aerospace company’s stock valued at $1,082,000 after acquiring an additional 7,669 shares during the last quarter. 72.88% of the stock is currently owned by institutional investors.

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About Kratos Defense & Security Solutions

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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