Kratos Defense & Security Solutions (NASDAQ:KTOS) PT Set at $74.00 by Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has initiated coverage of Kratos Defense & Security Solutions with a "buy" rating and a price target of $74.00, indicating a potential upside of 15.84% from its current price.
• Kratos reported earnings of $0.11 per share for the last quarter, surpassing analyst expectations, and achieved a revenue of $351.50 million, reflecting a 17.1% year-over-year increase.
• A consensus rating is established as "Moderate Buy" among analysts, with a majority of analysts issuing buy ratings while one analyst rated the stock as a sell.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) received a $74.00 price objective from equities research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Monday, MarketBeat.com reports. The firm presently has a "buy" rating on the aerospace company's stock. Canaccord Genuity Group's target price suggests a potential upside of 7.76% from the company's previous close.

A number of other brokerages have also recently issued reports on KTOS. Citigroup reissued a "market outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, July 22nd. Truist Financial increased their target price on Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Noble Financial reissued an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Monday, July 14th. B. Riley reissued a "buy" rating and issued a $72.00 target price (up from $55.00) on shares of Kratos Defense & Security Solutions in a report on Monday. Finally, The Goldman Sachs Group raised Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 target price for the company in a report on Monday, June 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.92.

Kratos Defense & Security Solutions Stock Down 0.7%

Shares of KTOS stock traded down $0.47 on Monday, reaching $68.67. 4,409,608 shares of the company's stock traded hands, compared to its average volume of 3,342,375. Kratos Defense & Security Solutions has a 12-month low of $19.69 and a 12-month high of $71.11. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.88 and a current ratio of 4.43. The company has a market capitalization of $11.59 billion, a P/E ratio of 686.79 and a beta of 1.04. The business's 50 day moving average price is $49.94 and its two-hundred day moving average price is $38.14.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. Kratos Defense & Security Solutions had a return on equity of 3.10% and a net margin of 1.20%. The company had revenue of $351.50 million during the quarter, compared to the consensus estimate of $305.67 million. During the same quarter in the prior year, the company posted $0.14 EPS. The firm's revenue was up 17.1% on a year-over-year basis. On average, equities analysts forecast that Kratos Defense & Security Solutions will post 0.31 earnings per share for the current year.

Insider Activity at Kratos Defense & Security Solutions

In related news, insider Phillip D. Carrai sold 6,000 shares of the business's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $42.16, for a total value of $252,960.00. Following the sale, the insider owned 276,085 shares of the company's stock, valued at $11,639,743.60. The trade was a 2.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Bobbi Doorenbos sold 5,000 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $35.00, for a total transaction of $175,000.00. Following the sale, the director directly owned 5,000 shares in the company, valued at $175,000. This trade represents a 50.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 99,786 shares of company stock valued at $4,102,682 over the last three months. 2.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Kratos Defense & Security Solutions

A number of institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of Kratos Defense & Security Solutions during the 1st quarter worth about $594,000. Stifel Financial Corp raised its holdings in shares of Kratos Defense & Security Solutions by 17.5% in the 4th quarter. Stifel Financial Corp now owns 295,980 shares of the aerospace company's stock worth $7,808,000 after acquiring an additional 44,048 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter worth about $1,407,000. Oregon Public Employees Retirement Fund acquired a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter worth about $1,039,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Kratos Defense & Security Solutions by 2.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,221,860 shares of the aerospace company's stock worth $36,277,000 after acquiring an additional 24,455 shares during the last quarter. Institutional investors own 75.92% of the company's stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.