Kratos Defense & Security Solutions, Inc. (KTOS) Rating Reiterated by Jefferies Group LLC

Street analysts have given views on company stock. Zacks Investment Research raised shares of Kratos Defense & Security Solutions from a "hold" rating to a "buy" rating and set a $8.50 price target for the company in a research note on Wednesday, April 19th. Canaccord Genuity reiterated a "buy" rating and issued a $14.00 target price on shares of Kratos Defense & Security Solutions in a research note on Thursday, July 6th.

Among 9 analysts covering Versartis Inc (NASDAQ:VSAR), 8 have Buy rating, 0 Sell and 1 Hold. (NASDAQ:KTOS). According to First Call, the consensus price target for the company is $13.04. Including today's unusual volume, Kratos Defense & Security Solutions, Inc.'s stock is performing at 65.14% on the year.

Diebold Nixdorf, Incorporated (NYSE:DBD) shares were last seen up 1.10% at $23.00, which is 29.67% higher than the previous trading session. VSAR's SI was 1.01 million shares in July as released by FINRA. Moving forward, the analyst underscores KTOS is "talking up several new material opportunities (largely in the tactical unmanned market, but also in other segments), which we believe points to the increased focused on readiness, better stability in the defense budget (management is confident on hitting its targets even with a potential 3-4 month continuing resolution), and geopolitical concerns".

Tracking some technical levels, shares are trading 9.46% away from the 50 day simple moving average and 3.12% off of the 200 day simple moving average.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Thursday, May 4th. The aerospace company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. The business had revenue of $185.70 million for the quarter, compared to analysts' expectations of $172.78 million. Northern Trust has 0% invested in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) for 644,511 shares. The company's revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.01 earnings per share.

After a recent spot-check, Kratos Defense & Security Solutions, Inc. "(NASDAQ:KTOS) Lifted to "Strong-Buy" at BidaskClub" was originally posted by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another publication, it was illegally stolen and republished in violation of USA & global trademark & copyright law. The legal version of this piece of content can be read at https://www.chaffeybreeze.com/2017/07/28/kratos-defense-security-solutions-inc-nasdaqktos-downgraded-by-suntrust-banks-inc-updated.html.

In other news, CEO Eric M. Demarco bought 10,000 shares of the business's stock in a transaction dated Tuesday, May 30th. The shares were bought at an average cost of $10.57 per share, with a total value of $105,700.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The average numbers of shares are traded in a security per day, during the recent 3-month period. PA boosted its stake in Kratos Defense & Security Solutions by 51.8% in the first quarter. Eqis Capital Management Inc. boosted its stake in shares of Kratos Defense & Security Solutions by 12.3% in the second quarter. Vanguard Group Inc. now owns 2,760,941 shares of the aerospace company's stock worth $21,480,000 after buying an additional 534,190 shares during the period. Dimensional Fund Advisors LP boosted its stake in Kratos Defense & Security Solutions by 5.8% in the fourth quarter. State Street Corp now owns 2,109,740 shares of the aerospace company's stock worth $16,414,000 after buying an additional 691,425 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Kratos Defense & Security Solutions by 6.2% in the first quarter. Eqis Capital Management Inc. now owns 58,479 shares of the aerospace company's stock worth $455,000 after buying an additional 3,319 shares during the last quarter.

Kratos Defense & Security Solutions, Inc is a technology, intellectual property and proprietary product and solution company focused on the United States and its allies' national security.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.