Noble Financial analyst Joe Gomes maintained a Buy rating on Kratos Defense (KTOS) on March 1 and set a price target of $20. The company’s shares opened today at $16.78, close to its 52-week high of $17.87.
According to TipRanks.com, Gomes is a 3-star analyst with an average return of 4.5% and a 73.3% success rate. Gomes covers the Services sector, focusing on stocks such as Information Services Group, DLH Holdings, and Vectrus.
Kratos Defense has an analyst consensus of Strong Buy, with a price target consensus of $19, a 13.2% 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.
