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 equities research analysts at JPMorgan Chase & Co. from $27.00 to $33.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 7.11% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Jefferies Financial Group boosted 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. JMP Securities restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. StockNews.com downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, March 8th. Robert W. Baird boosted 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. Finally, B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.67.

Kratos Defense & Security Solutions Trading Down 2.8 %

Shares of NASDAQ:KTOS opened at $30.81 on Friday. Kratos Defense & Security Solutions has a 12-month low of $17.05 and a 12-month high of $35.66. The business’s fifty day simple moving average is $30.45 and its 200-day simple moving average is $27.05. The company has a market capitalization of $4.71 billion, a PE ratio of 308.13 and a beta of 1.12. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

Insider Activity

In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco purchased 9,500 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average price of $26.35 per share, for a total transaction of $250,325.00. Following the purchase, the chief executive officer now directly owns 1,267,482 shares in the company, valued at approximately $33,398,150.70. This trade represents a 0.76 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David M. Carter sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $26.49, for a total value of $105,960.00. Following the sale, the insider now owns 103,430 shares of the company’s stock, valued at approximately $2,739,860.70. This trade represents a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,196 shares of company stock valued at $3,144,160 in the last quarter. 2.27% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several large investors have recently bought and sold shares of KTOS. Jones Financial Companies Lllp grew its position in shares of 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 in the last quarter. Hemington Wealth Management grew its position in shares of 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 in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the third quarter valued at approximately $39,000. Capital Advisors Ltd. LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $53,000. Finally, SBI Securities Co. Ltd. acquired a new position in Kratos Defense & Security Solutions in the fourth quarter valued at approximately $55,000. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

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.