JPMorgan Chase & Co. Increases Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target to $27.00

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its target price increased by equities research analysts at JPMorgan Chase & Co. from $24.00 to $27.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 8.17% from the stock’s previous close.

A number of other brokerages also recently issued reports on KTOS. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the company from $26.00 to $35.00 in a report on Monday, January 13th. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Truist Financial upped their price objective 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. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Finally, Jefferies Financial Group lifted their price objective on shares of 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. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and an average target price of $31.11.

Kratos Defense & Security Solutions Trading Down 0.6 %

Shares of KTOS opened at $24.96 on Thursday. Kratos Defense & Security Solutions has a 1 year low of $16.78 and a 1 year high of $35.66. The company has a 50 day simple moving average of $29.85 and a two-hundred day simple moving average of $26.16. 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 firm has a market cap of $3.79 billion, a P/E ratio of 249.62 and a beta of 1.10.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $24.59, for a total transaction of $172,130.00. Following the completion of the transaction, the insider now owns 370,660 shares in the company, valued at $9,114,529.40. The trade was a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Marie Mendoza sold 1,500 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $27.12, for a total value of $40,680.00. Following the completion of the sale, the senior vice president now owns 60,443 shares in the company, valued at approximately $1,639,214.16. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 99,181 shares of company stock valued at $2,837,986. Company insiders own 2.27% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Creative Planning grew its stake in Kratos Defense & Security Solutions by 8.7% in the 3rd quarter. Creative Planning now owns 26,665 shares of the aerospace company’s stock worth $621,000 after acquiring an additional 2,125 shares in the last quarter. SteelPeak Wealth LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the third quarter valued at approximately $584,000. US Bancorp DE grew its stake in Kratos Defense & Security Solutions by 56.8% in the third quarter. US Bancorp DE now owns 17,717 shares of the aerospace company’s stock worth $413,000 after purchasing an additional 6,415 shares in the last quarter. Stephens Inc. AR increased its holdings in Kratos Defense & Security Solutions by 19.5% during the 3rd quarter. Stephens Inc. AR now owns 23,476 shares of the aerospace company’s stock worth $547,000 after purchasing an additional 3,839 shares during the period. Finally, Farther Finance Advisors LLC raised its position in Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 920 shares in the last quarter. 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.