JMP Securities Forecasts Strong Price Appreciation for Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price objective upped by stock analysts at JMP Securities from $30.00 to $40.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “market outperform” rating on the aerospace company’s stock. JMP Securities’ price target would indicate a potential upside of 16.69% from the company’s current price.

Several other equities analysts also recently issued reports on KTOS. Jefferies Financial Group lifted their price target on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, December 13th. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Truist Financial increased their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Finally, Robert W. Baird increased their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.30.

Kratos Defense & Security Solutions Trading Down 0.3 %

KTOS stock opened at $34.28 on Tuesday. Kratos Defense & Security Solutions has a 1-year low of $16.78 and a 1-year high of $35.66. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $29.51 and its 200-day moving average is $25.45. The firm has a market cap of $5.18 billion, a P/E ratio of 342.83 and a beta of 1.10.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Thursday, November 7th. The aerospace company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. The company had revenue of $275.90 million during the quarter, compared to the consensus estimate of $278.47 million. During the same quarter last year, the company earned $0.08 earnings per share. Equities analysts anticipate that Kratos Defense & Security Solutions will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider Phillip D. Carrai sold 3,500 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $25.00, for a total value of $87,500.00. Following the transaction, the insider now directly owns 265,499 shares in the company, valued at $6,637,475. This trade represents a 1.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Benjamin M. Goodwin sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $27.71, for a total value of $138,550.00. Following the completion of the sale, the senior vice president now owns 37,327 shares of the company’s stock, valued at $1,034,331.17. This represents a 11.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 98,428 shares of company stock worth $2,824,956 in the last quarter. 2.27% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Institutional investors have recently modified their holdings of the stock. Contravisory Investment Management Inc. boosted its stake in Kratos Defense & Security Solutions by 68.7% during the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 444 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Kratos Defense & Security Solutions by 582.3% in the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 920 shares during the period. Hemington Wealth Management boosted its position in shares of Kratos Defense & Security Solutions by 86.6% during the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 631 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at $39,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at $53,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.