Kratos Defense & Security Solutions (NASDAQ:KTOS) Sets New 12-Month High at $22.98

Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $22.98 and last traded at $22.89, with a volume of 3534273 shares. The stock had previously closed at $22.16.

Several brokerages have recently issued reports on KTOS. Noble Financial downgraded Kratos Defense & Security Solutions from an “outperform” rating to a “market perform” rating and set a $22.35 price objective for the company. in a research report on Wednesday, June 5th. Citigroup downgraded 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. Goldman Sachs Group downgraded Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $22.00 to $24.00 in a research report on Thursday, June 6th. They noted that the move was a valuation call. BidaskClub upgraded Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 1st. Finally, Robert W. Baird reiterated an “outperform” rating and set a $25.00 price objective (up from $19.00) on shares of Kratos Defense & Security Solutions in a research report on Tuesday, May 28th. Four research 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. Kratos Defense & Security Solutions presently has a consensus rating of “Buy” and an average target price of $21.42.

The stock has a market cap of $2.42 billion, a PE ratio of 134.65, a price-to-earnings-growth ratio of 11.30 and a beta of 1.30. The company has a quick ratio of 2.29, a current ratio of 2.65 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average of $21.47.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Wednesday, May 8th. The aerospace company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. The firm had revenue of $160.40 million during the quarter, compared to the consensus estimate of $153.24 million. Kratos Defense & Security Solutions had a return on equity of 4.22% and a net margin of 0.28%. During the same period in the prior year, the firm posted $0.05 earnings per share. Research analysts anticipate that Kratos Defense & Security Solutions, Inc will post 0.27 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KTOS. Amundi Pioneer Asset Management Inc. acquired a new position in Kratos Defense & Security Solutions during the first quarter worth $81,000. Advisory Services Network LLC boosted its holdings in Kratos Defense & Security Solutions by 795.6% during the first quarter. Advisory Services Network LLC now owns 4,478 shares of the aerospace company’s stock valued at $70,000 after acquiring an additional 3,978 shares during the period. Marshall Wace LLP bought a new stake in Kratos Defense & Security Solutions during the first quarter valued at about $35,000. Granite Investment Partners LLC boosted its holdings in Kratos Defense & Security Solutions by 19.3% during the first quarter. Granite Investment Partners LLC now owns 1,389,777 shares of the aerospace company’s stock valued at $21,722,000 after acquiring an additional 225,267 shares during the period. Finally, Meitav Dash Investments Ltd. bought a new stake in Kratos Defense & Security Solutions during the first quarter valued at about $170,000. Hedge funds and other institutional investors own 83.45% of the company’s stock.

Kratos Defense & Security Solutions Company Profile (NASDAQ:KTOS)

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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