Noble Financial Believes Kratos Defense (KTOS) Won’t Stop Here
Noble Financial analyst Ben Klieve reiterated a Buy rating on Kratos Defense (NASDAQ: KTOS) on September 14 and set a price target of $20. The company’s shares closed on Friday at $14.10, close to its 52-week high of $14.87.
According to TipRanks.com, Klieve is a 4-star analyst with an average return of 7.4% and a 68.3% success rate. Klieve covers the Consumer Goods sector, focusing on stocks such as Albany International Corp, CPI Aerostructures, and Faro Technologies.
Kratos Defense has an analyst consensus of Strong Buy, with a price target consensus of $15.80.
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Based on Kratos Defense’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $7.7 million. In comparison, last year the company had a GAAP net loss of $6.2 million.
Based on the recent corporate insider activity of 17 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.
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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.