Kratos Defense & Security Solutions PT Raised to $10.50 at Noble Financial (KTOS)
Research analysts at Noble Financial raised their price objective on shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from $8.25 to $10.50 in a report released on Thursday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Noble Financial’s price objective would suggest a potential upside of 23.97% from the company’s current price.
Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) traded down 0.35% during mid-day trading on Thursday, hitting $8.47. The stock had a trading volume of 222,301 shares. Kratos Defense & Security Solutions has a 1-year low of $4.08 and a 1-year high of $9.16. The stock has a 50-day moving average of $7.98 and a 200-day moving average of $6.37. The company’s market cap is $482.8 million.
Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings data on Thursday, August 8th. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.15) by $0.17. The company had revenue of $235.20 million for the quarter, compared to the consensus estimate of $231.20 million. During the same quarter in the prior year, the company posted ($0.41) earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Analysts expect that Kratos Defense & Security Solutions will post $0.18 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) in a research note to investors on Thursday, September 5th. They now have a $9.70 price target on the stock, up previously from $7.10. Separately, analysts at Zacks downgraded shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, July 29th. They now have a $7.90 price target on the stock.
Kratos Defense & Security Solutions, Inc is a United States-based company, which provides war fighter solutions and security related services.
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