Trade Report: Today, B. Riley Initiates Coverage on Kratos Defense & Security Solutions Inc. (KTOS)

Today, B. Riley Initiates Coverage on Kratos Defense & Security Solutions Inc. (KTOS)

Investment analysts at B. Riley began coverage on shares of Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) in a research note issued on Monday. The firm set a “buy” rating and a $9.00 price target on the stock. B. Riley’s price target would suggest a potential upside of 27.84% from the company’s current price.

Separately, Zacks Investment Research raised shares of Kratos Defense & Security Solutions from a “hold” rating to a “strong-buy” rating and set a $6.50 price target on the stock in a report on Wednesday, August 10th.

Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) traded down 1.95% during midday trading on Monday, hitting $7.04. 897,949 shares of the stock traded hands. The stock’s market capitalization is $426.03 million. The firm has a 50-day moving average price of $6.31 and a 200-day moving average price of $5.53. Kratos Defense & Security Solutions has a 52 week low of $2.80 and a 52 week high of $7.58.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.08. The company had revenue of $165.40 million for the quarter, compared to analyst estimates of $162.10 million. Kratos Defense & Security Solutions had a negative net margin of 9.06% and a negative return on equity of 3.73%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 EPS. On average, equities analysts predict that Kratos Defense & Security Solutions will post ($0.13) earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of KTOS. Rhumbline Advisers increased its stake in Kratos Defense & Security Solutions by 0.8% in the third quarter. Rhumbline Advisers now owns 55,522 shares of the company’s stock valued at $383,000 after buying an additional 420 shares in the last quarter. Stifel Financial Corp acquired a new stake in Kratos Defense & Security Solutions during the fourth quarter valued at approximately $2,005,000. California State Teachers Retirement System increased its stake in Kratos Defense & Security Solutions by 0.9% in the third quarter. California State Teachers Retirement System now owns 98,077 shares of the company’s stock valued at $676,000 after buying an additional 900 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Kratos Defense & Security Solutions by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 151,398 shares of the company’s stock valued at $621,000 after buying an additional 2,604 shares in the last quarter. Finally, BlackRock Advisors LLC increased its stake in Kratos Defense & Security Solutions by 12.2% in the third quarter. BlackRock Advisors LLC now owns 24,221 shares of the company’s stock valued at $167,000 after buying an additional 2,635 shares in the last quarter. Institutional investors and hedge funds own 66.76% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

Related posts

Leave a Comment