JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price target lifted by JPMorgan Chase & Co. from $27.00 to $33.00 in a report published on Friday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the aerospace company’s stock.

A number of other analysts have also weighed in on KTOS. StockNews.com lowered Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, March 8th. Jefferies Financial Group increased their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Truist Financial increased their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Royal Bank of Canada reduced their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. 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 research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.67.

Kratos Defense & Security Solutions Stock Down 2.8 %

Shares of KTOS opened at $30.81 on Friday. The company has a market cap of $4.71 billion, a PE ratio of 308.13 and a beta of 1.12. The business has a fifty day moving average of $30.45 and a 200 day moving average of $27.02. Kratos Defense & Security Solutions has a 52-week low of $17.05 and a 52-week high of $35.66. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Insider Activity

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $26.48, for a total value of $158,880.00. Following the transaction, the chief financial officer now owns 261,732 shares in the company, valued at $6,930,663.36. The trade was a 2.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $25.98, for a total value of $181,860.00. Following the completion of the transaction, the insider now owns 342,407 shares in the company, valued at $8,895,733.86. This trade represents a 2.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 110,196 shares of company stock worth $3,144,160. Company insiders own 2.27% of the company’s stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew its stake in Kratos Defense & Security Solutions by 90.5% in the fourth 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 during the last quarter. Hemington Wealth Management grew its stake in Kratos Defense & Security Solutions by 86.6% in the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 631 shares during the last quarter. Truvestments Capital LLC purchased a new position in Kratos Defense & Security Solutions in the third quarter valued at about $39,000. Capital Advisors Ltd. LLC purchased a new position in Kratos Defense & Security Solutions in the fourth quarter valued at about $53,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Kratos Defense & Security Solutions in the fourth quarter worth about $55,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

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.