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

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price objective upped by analysts at JPMorgan Chase & Co. from $27.00 to $33.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 7.35% from the stock’s current price.

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

Kratos Defense & Security Solutions Stock Performance

KTOS stock traded down $0.96 during midday trading on Friday, reaching $30.74. 1,216,206 shares of the company were exchanged, compared to its average volume of 1,352,120. Kratos Defense & Security Solutions has a one year low of $17.05 and a one year high of $35.66. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 307.43 and a beta of 1.12. The business has a 50-day moving average price of $30.43 and a two-hundred day moving average price of $26.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, insider Phillip D. Carrai sold 20,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total value of $526,600.00. Following the completion of the transaction, the insider now directly owns 263,283 shares in the company, valued at approximately $6,932,241.39. This represents a 7.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the 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 of the company’s stock, valued at $8,895,733.86. This represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,196 shares of company stock valued at $3,144,160. 2.27% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several hedge funds have recently added to or reduced their stakes in the business. Total Wealth Planning & Management Inc. bought a new position in shares of Kratos Defense & Security Solutions during the fourth quarter valued at $281,000. Neo Ivy Capital Management bought a new position in shares of Kratos Defense & Security Solutions during the fourth quarter worth about $317,000. Sunbelt Securities Inc. lifted its stake in shares of Kratos Defense & Security Solutions by 42.1% in the fourth quarter. Sunbelt Securities Inc. now owns 5,302 shares of the aerospace company’s stock worth $141,000 after acquiring an additional 1,570 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Kratos Defense & Security Solutions by 30.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 352,349 shares of the aerospace company’s stock valued at $9,295,000 after acquiring an additional 81,298 shares during the last quarter. Finally, Washington Harbour Partners LP bought a new stake in Kratos Defense & Security Solutions in the fourth quarter valued at approximately $2,497,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

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.