Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) had its target price boosted by investment analysts at JPMorgan Chase & Co. from $27.00 to $33.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a "neutral" rating on the aerospace company's stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 3.53% from the stock's previous close.

A number of other research analysts have also weighed in on KTOS. Truist Financial boosted their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Royal Bank of Canada decreased their price objective on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. StockNews.com cut shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Saturday, March 8th. B. Riley raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $26.00 to $35.00 in a report on Monday, January 13th. Finally, Robert W. Baird increased their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Kratos Defense & Security Solutions has a consensus rating of "Moderate Buy" and an average price target of $32.67.

Remove Ads

Kratos Defense & Security Solutions Stock Performance

NASDAQ KTOS traded up $1.06 during trading on Friday, reaching $31.87. 1,178,536 shares of the company's stock were exchanged, compared to its average volume of 1,463,847. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The business has a 50 day moving average price of $30.45 and a 200-day moving average price of $27.09. The stock has a market capitalization of $4.87 billion, a P/E ratio of 318.43 and a beta of 1.12. Kratos Defense & Security Solutions has a fifty-two week low of $17.05 and a fifty-two week high of $35.66.

Insider Activity

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 20,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $26.33, for a total value of $526,600.00. Following the transaction, the insider now directly owns 263,283 shares of the company's stock, valued at $6,932,241.39. This trade represents a 7.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas E. Iv Mills sold 8,637 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $27.14, for a total transaction of $234,408.18. Following the sale, the insider now directly owns 12,215 shares of the company's stock, valued at approximately $331,515.10. This trade represents a 41.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,196 shares of company stock worth $3,144,160. Corporate insiders own 2.27% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in shares of Kratos Defense & Security Solutions by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock valued at $34,000 after purchasing an additional 610 shares in the last quarter. Hemington Wealth Management increased its position in Kratos Defense & Security Solutions by 86.6% during the 4th 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 bought a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth $39,000. Capital Advisors Ltd. LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter valued at $53,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth about $55,000. 75.92% of the stock is owned by institutional investors.

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.