Goldman Sachs Group Lowers Kratos Defense & Security Solutions (NASDAQ:KTOS) to Neutral

Goldman Sachs Group downgraded shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from a buy rating to a neutral rating in a research report released on Thursday, June 6th, Benzinga reports. Goldman Sachs Group currently has $24.00 price target on the aerospace company’s stock, up from their prior price target of $22.00. The analysts noted that the move was a valuation call.

A number of other research firms also recently commented on KTOS. B. Riley lifted their price target on Kratos Defense & Security Solutions to $20.00 and gave the stock a buy rating in a research note on Tuesday, February 19th. Seaport Global Securities restated a buy rating on shares of Kratos Defense & Security Solutions in a research note on Monday, February 11th. JPMorgan Chase & Co. upgraded Kratos Defense & Security Solutions from a neutral rating to an overweight rating and lifted their target price for the company from $18.00 to $24.00 in a research note on Friday, May 24th. Canaccord Genuity lifted their target price on Kratos Defense & Security Solutions from $16.00 to $20.00 and gave the company a buy rating in a research note on Tuesday, February 26th. Finally, Citigroup downgraded Kratos Defense & Security Solutions from an outperform rating to a market perform rating in a research note on Wednesday, June 5th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $21.42.

NASDAQ:KTOS traded down $0.11 during mid-day trading on Thursday, hitting $22.78. The company had a trading volume of 1,138,735 shares, compared to its average volume of 1,206,462. The business has a fifty day simple moving average of $21.70. The company has a quick ratio of 2.29, a current ratio of 2.65 and a debt-to-equity ratio of 0.59. Kratos Defense & Security Solutions has a 1 year low of $11.26 and a 1 year high of $23.46. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 134.00, a price-to-earnings-growth ratio of 11.30 and a beta of 1.27.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Wednesday, May 8th. The aerospace company reported $0.06 EPS for the quarter, beating the 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 company had revenue of $160.40 million for the quarter, compared to analyst estimates of $153.24 million. During the same period last year, the company posted $0.05 earnings per share. As a group, sell-side analysts forecast that Kratos Defense & Security Solutions will post 0.27 EPS for the current year.

Institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. bought a new stake in shares of Kratos Defense & Security Solutions during the first quarter valued at approximately $11,099,000. Bank of New York Mellon Corp lifted its holdings in Kratos Defense & Security Solutions by 22.1% in the third quarter. Bank of New York Mellon Corp now owns 545,662 shares of the aerospace company’s stock valued at $8,065,000 after buying an additional 98,859 shares during the period. Amalgamated Bank acquired a new position in Kratos Defense & Security Solutions in the fourth quarter valued at approximately $175,000. Stephens Inc. AR lifted its holdings in Kratos Defense & Security Solutions by 72.3% in the fourth quarter. Stephens Inc. AR now owns 85,700 shares of the aerospace company’s stock valued at $1,208,000 after buying an additional 35,950 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Kratos Defense & Security Solutions by 432.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 104,108 shares of the aerospace company’s stock valued at $1,467,000 after buying an additional 84,540 shares during the period. 83.45% of the stock is currently owned by hedge funds and other institutional investors.

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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