RBC Capital analyst Kenneth Herbert maintained a Buy rating on Kratos Defense (KTOS – Research Report) yesterday and set a price target of $27.00. The company’s shares closed yesterday at $23.82.
According to TipRanks, Herbert is a top 100 analyst with an average return of 21.2% and a 64.08% success rate. Herbert covers the Industrials sector, focusing on stocks such as Boeing, Airbus Group SE, and AAR.
Currently, the analyst consensus on Kratos Defense is a Moderate Buy with an average price target of $26.88.
Based on Kratos Defense’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $300.1 million and a net profit of $7.9 million. In comparison, last year the company earned a revenue of $231.8 million and had a GAAP net loss of $7 million
Based on the recent corporate insider activity of 105 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KTOS in relation to earlier this year. Most recently, in August 2024, Eric Demarco, the President & CEO of KTOS bought 11,980.00 shares for a total of $250,146.60.
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Kratos Defense (KTOS) Company Description:
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.
