In a report released today, David Williams from Drexel Hamilton reiterated a Buy rating on Kratos Defense (KTOS), with a price target of $20. The company’s shares closed on Friday at $16.71, close to its 52-week high of $17.87.
Williams observed:
“We are maintaining our Buy rating and increasing our target to $20.”
According to TipRanks.com, Williams is a 4-star analyst with an average return of 7.0% and a 75.0% success rate. Williams covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Mercury Systems Inc, and KEYW Holding.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kratos Defense with a $19 average price target, a 13.7% upside from current levels. In a report issued on February 19, B.Riley FBR also maintained a Buy rating on the stock with a $20 price target.
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Based on Kratos Defense’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $1.7 million. In comparison, last year the company had a GAAP net loss of $22.2 million.
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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, Unmanned Systems, and Public Safety & Security.
