In a report released today, Noah Poponak from Goldman Sachs maintained a Hold rating on Kratos Defense (KTOS – Research Report), with a price target of $15.00. The company’s shares opened today at $9.57.
Poponak covers the Technology sector, focusing on stocks such as Boeing, Embraer SA, and Kratos Defense. According to TipRanks, Poponak has an average return of 2.7% and a 51.41% success rate on recommended stocks.
Currently, the analyst consensus on Kratos Defense is a Moderate Buy with an average price target of $20.14, representing an 110.45% upside. In a report released on October 6, Jefferies also maintained a Hold rating on the stock with a $12.00 price target.
See the top stocks recommended by analysts >>
Based on Kratos Defense’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $224.2 million and a GAAP net loss of $4.7 million. In comparison, last year the company earned a revenue of $205.1 million and had a net profit of $1.1 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Kratos Defense & Security Solutions, Inc. engages in the provision of technology systems to the U.S. Department of Defense. It operates through the following segments: Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment includes microwave electronic products, satellite communications, modular systems, and rocket support operating. The Unmanned Systems segment consists of unmanned aerial system and unmanned ground & seaborne system businesses. The company was founded on December 19, 1994 and is headquartered in San Diego, CA.
Read More on KTOS:
- CORRECTION — Kratos Provides Update on Family of Collaborative Combat Aircraft Flights and Milestones
- Kratos announces recent flight for family of Collaborative Combat Aircraft
- Kratos Provides Update on Family of Collaborative Combat Aircraft Flights and Milestones
- Kratos Defense & Rocket Support Services Supports Successful Ballistic Missile Intercept Test During Pacific Dragon 22 Exercise
