Benchmark Co. Cuts Price Target on Kratos Defense & Security Solutions (KTOS)

By admin | 6 years ago

Equities research analysts at Benchmark Co. decreased their price target on shares of Kratos Defense & Security Solutions (NASDAQ: KTOS) from $10.00 to $8.00 in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock.

A number of other analysts have also recently weighed in on KTOS. Analysts at C.K. Cooper initiated coverage on shares of Kratos Defense & Security Solutions in a research note to investors on Wednesday, April 25th. They set a “buy” rating on the stock. Separately, analysts at KeyBanc (NYSE: KEY) upgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating in a research note to investors on Thursday, March 8th. They now have a $11.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Kratos Defense & Security Solutions from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, February 7th.

Shares of Kratos Defense & Security Solutions traded down 0.98% during mid-day trading on Friday, hitting $5.06. Kratos Defense & Security Solutions has a one year low of $4.61 and a one year high of $14.00. The company’s market cap is $164.1 million.

Kratos Defense & Security Solutions last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.10) by $0.19. The company’s quarterly revenue was up 75.1% on a year-over-year basis. Analysts expect that Kratos Defense & Security Solutions will post $0.07 EPS next quarter.

Kratos Defense & Security Solutions, Inc. (Kratos) is engaged in providing mission critical engineering, information technology (IT) services and war fighter solutions.

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