Kratos Defense & Security Solutions (KTOS) Downgraded by BidaskClub

Share on StockTwits

Kratos Defense & Security Solutions (NASDAQ:KTOS) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday.

Several other research firms also recently weighed in on KTOS. B. Riley raised their price objective on Kratos Defense & Security Solutions to $20.00 and gave the company a “buy” rating in a report on Tuesday, February 19th. Canaccord Genuity raised their price objective on Kratos Defense & Security Solutions from $16.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. Seaport Global Securities reissued a “buy” rating on shares of Kratos Defense & Security Solutions in a report on Monday, February 11th. Noble Financial set a $20.00 price objective on Kratos Defense & Security Solutions and gave the company a “buy” rating in a report on Friday, February 15th. Finally, Zacks Investment Research downgraded Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $18.20.

NASDAQ KTOS opened at $16.17 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.72 and a current ratio of 3.00. Kratos Defense & Security Solutions has a twelve month low of $8.96 and a twelve month high of $17.87. The firm has a market cap of $1.67 billion, a P/E ratio of 95.12, a PEG ratio of 8.10 and a beta of 1.93.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Thursday, February 28th. The aerospace company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.05. Kratos Defense & Security Solutions had a positive return on equity of 3.92% and a negative net margin of 0.57%. During the same quarter in the prior year, the business posted $0.09 EPS. On average, analysts forecast that Kratos Defense & Security Solutions will post 0.26 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. First Trust Advisors LP lifted its stake in shares of Kratos Defense & Security Solutions by 99.6% in the 3rd quarter. First Trust Advisors LP now owns 148,999 shares of the aerospace company’s stock valued at $2,202,000 after purchasing an additional 74,332 shares during the period. Private Advisor Group LLC acquired a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at about $170,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at about $3,452,000. Bank of New York Mellon Corp lifted its stake in shares of Kratos Defense & Security Solutions by 22.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 545,662 shares of the aerospace company’s stock valued at $8,065,000 after purchasing an additional 98,859 shares during the period. Finally, FMR LLC lifted its stake in shares of Kratos Defense & Security Solutions by 44.3% in the 3rd quarter. FMR LLC now owns 8,722,104 shares of the aerospace company’s stock valued at $128,913,000 after purchasing an additional 2,676,121 shares during the period. 87.38% of the stock is currently owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through three segments: Kratos Government Solutions, Unmanned Systems, and Public Safety & Security. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

Further Reading: How is inflation measured?

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

Receive News & Ratings for Kratos Defense & Security Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kratos Defense & Security Solutions and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

KEMET Co.  Expected to Announce Earnings of $0.96 Per Share
KEMET Co. Expected to Announce Earnings of $0.96 Per Share
Recent Research Analysts’ Ratings Updates for Cadence Bancorp
Recent Research Analysts’ Ratings Updates for Cadence Bancorp
BioScrip  Hits New 1-Year Low at $1.68
BioScrip Hits New 1-Year Low at $1.68
Novacoin Price Hits $0.53 on Top Exchanges
Novacoin Price Hits $0.53 on Top Exchanges
Niobio Cash Hits 1-Day Volume of $427.00
Niobio Cash Hits 1-Day Volume of $427.00
BitMart Token  Price Hits $0.0265 on Top Exchanges
BitMart Token Price Hits $0.0265 on Top Exchanges


© 2006-2019 Ticker Report