Positive Report for Kratos Defense (KTOS) from Goldman Sachs
Kratos Defense (KTOS – Research Report) received a Buy rating and price target from Goldman Sachs analyst Noah Poponak yesterday. The company's shares closed last Friday at $45.84.
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According to TipRanks, Poponak is a 4-star analyst with an average return of 6.3% and a 51.95% success rate. Poponak covers the Industrials sector, focusing on stocks such as Boeing, Booz Allen, and Bombardier.
In addition to Goldman Sachs, Kratos Defense also received a Buy from Truist Financial's Michael Ciarmoli in a report issued on June 27. However, on June 16, J.P. Morgan maintained a Hold rating on Kratos Defense (NASDAQ: KTOS).
Based on Kratos Defense's latest earnings release for the quarter ending March 30, the company reported a quarterly revenue of $302.6 million and a net profit of $4.5 million. In comparison, last year the company earned a revenue of $277.2 million and had a net profit of $1.3 million
Based on the recent corporate insider activity of 121 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KTOS in relation to earlier this year. Last month, Boyd Bradley L, a Director at KTOS sold 3,800.00 shares for a total of $132,544.00.
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