Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Receives $19.50 Consensus Price Target from Brokerages

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOSGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $19.50.

Several analysts have issued reports on KTOS shares. Benchmark reaffirmed a “buy” rating and issued a $20.00 price target on shares of Kratos Defense & Security Solutions in a report on Monday, December 18th. Royal Bank of Canada upped their price target on shares of Kratos Defense & Security Solutions from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Truist Financial upped their price target on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Raymond James upped their price objective on shares of Kratos Defense & Security Solutions from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, November 6th. Finally, StockNews.com started coverage on shares of Kratos Defense & Security Solutions in a research note on Thursday, October 5th. They set a “hold” rating on the stock.

Check Out Our Latest Analysis on Kratos Defense & Security Solutions

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 3,500 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $18.85, for a total transaction of $65,975.00. Following the transaction, the insider now owns 226,560 shares of the company’s stock, valued at $4,270,656. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Steven S. Fendley sold 14,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $18.80, for a total value of $263,200.00. Following the transaction, the insider now owns 319,386 shares of the company’s stock, valued at approximately $6,004,456.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Phillip D. Carrai sold 3,500 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $18.85, for a total transaction of $65,975.00. Following the completion of the transaction, the insider now directly owns 226,560 shares in the company, valued at approximately $4,270,656. The disclosure for this sale can be found here. Insiders have sold a total of 72,159 shares of company stock valued at $1,411,782 over the last quarter. Company insiders own 2.06% of the company’s stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of hedge funds have recently made changes to their positions in KTOS. Pinebridge Investments L.P. purchased a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at $32,000. Bessemer Group Inc. raised its stake in shares of Kratos Defense & Security Solutions by 43.0% in the 2nd quarter. Bessemer Group Inc. now owns 2,507 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 754 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Kratos Defense & Security Solutions by 100.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 3,000 shares of the aerospace company’s stock valued at $40,000 after acquiring an additional 1,507 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Kratos Defense & Security Solutions by 100.0% in the 1st quarter. Parkside Financial Bank & Trust now owns 2,000 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 1,000 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in Kratos Defense & Security Solutions by 80.7% during the 2nd quarter. Quadrant Capital Group LLC now owns 3,381 shares of the aerospace company’s stock worth $48,000 after buying an additional 1,510 shares during the period. Hedge funds and other institutional investors own 83.60% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock opened at $17.28 on Wednesday. The firm has a market capitalization of $2.23 billion, a PE ratio of -115.19 and a beta of 0.82. Kratos Defense & Security Solutions has a 52 week low of $11.00 and a 52 week high of $21.42. The firm’s 50-day simple moving average is $19.31 and its 200 day simple moving average is $17.13. The company has a quick ratio of 1.73, a current ratio of 2.30 and a debt-to-equity ratio of 0.25.

Kratos Defense & Security Solutions (NASDAQ:KTOSGet Free Report) last announced its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. Kratos Defense & Security Solutions had a negative net margin of 1.94% and a positive return on equity of 2.46%. The company had revenue of $274.60 million for the quarter, compared to the consensus estimate of $251.91 million. On average, equities research analysts predict that Kratos Defense & Security Solutions will post 0.23 EPS for the current fiscal year.

About Kratos Defense & Security Solutions

(Get Free Report

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, National Security, and commercial markets. The company develops and fields transformative, affordable systems, products, and solutions. It operates through two segments, Kratos Government Solutions and Unmanned Systems.

Further Reading

Analyst Recommendations for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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