Kratos Defense & Security Solutions (NASDAQ:KTOS) Cut to Market Perform at Noble Financial

Noble Financial lowered shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from an outperform rating to a market perform rating in a research report sent to investors on Wednesday, June 5th, BenzingaRatingsTable reports. Noble Financial currently has $22.35 price objective on the aerospace company’s stock.

A number of other research firms have also recently weighed in on KTOS. Citigroup cut Kratos Defense & Security Solutions from an outperform rating to a market perform rating in a research report on Wednesday, June 5th. They noted that the move was a valuation call. BidaskClub raised Kratos Defense & Security Solutions from a buy rating to a strong-buy rating in a report on Saturday, June 1st. Robert W. Baird reissued an outperform rating and issued a $25.00 price target (up from $19.00) on shares of Kratos Defense & Security Solutions in a report on Tuesday, May 28th. JPMorgan Chase & Co. raised Kratos Defense & Security Solutions from a neutral rating to an overweight rating and boosted their price target for the stock from $18.00 to $24.00 in a report on Friday, May 24th. Finally, Zacks Investment Research cut Kratos Defense & Security Solutions from a strong-buy rating to a hold rating in a report on Tuesday, May 14th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $21.42.

NASDAQ:KTOS traded up $0.73 on Wednesday, hitting $22.89. The stock had a trading volume of 3,536,800 shares, compared to its average volume of 1,206,368. Kratos Defense & Security Solutions has a 52-week low of $11.26 and a 52-week high of $22.98. The company has a current ratio of 2.65, a quick ratio of 2.29 and a debt-to-equity ratio of 0.59. The stock has a market cap of $2.37 billion, a PE ratio of 134.65, a price-to-earnings-growth ratio of 10.95 and a beta of 1.30. The business has a 50-day moving average price of $21.47.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Wednesday, May 8th. The aerospace company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.07. Kratos Defense & Security Solutions had a return on equity of 4.22% and a net margin of 0.28%. The firm had revenue of $160.40 million for the quarter, compared to analysts’ expectations of $153.24 million. During the same period in the previous year, the firm earned $0.05 EPS. Equities analysts forecast that Kratos Defense & Security Solutions will post 0.27 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Prime Capital Investment Advisors LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter worth $31,000. PNC Financial Services Group Inc. acquired a new position in Kratos Defense & Security Solutions during the 1st quarter valued at about $31,000. Marshall Wace LLP acquired a new position in Kratos Defense & Security Solutions during the 1st quarter valued at about $35,000. Advisory Services Network LLC increased its position in Kratos Defense & Security Solutions by 795.6% during the 1st quarter. Advisory Services Network LLC now owns 4,478 shares of the aerospace company’s stock valued at $70,000 after buying an additional 3,978 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in Kratos Defense & Security Solutions during the 1st quarter valued at about $81,000. Institutional investors own 83.45% of the company’s stock.

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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