Kratos Defense (KTOS) Gets a Buy from Truist Financial

Truist Financial analyst Michael Ciarmoli maintained a Buy rating on Kratos Defense (KTOS – Research Report) today. The company’s shares closed yesterday at $17.28.

Ciarmoli covers the Industrials sector, focusing on stocks such as Ducommun, VSE, and Air Transport Services. According to TipRanks, Ciarmoli has an average return of 12.7% and a 63.81% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kratos Defense with a $22.63 average price target, which is a 30.96% upside from current levels. In a report released yesterday, Robert W. Baird also maintained a Buy rating on the stock with a $22.00 price target.

The company has a one-year high of $21.60 and a one-year low of $12.12. Currently, Kratos Defense has an average volume of 1.43M.

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Kratos Defense (KTOS) Company Description:

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 and Unmanned Systems. The Kratos Government Solutions segment includes microwave electronic products, satellite communications, modular systems, and rocket support operating. The Unmanned Systems segment consists of unmanned aerial system and unmanned ground & seaborne system businesses. The company was founded on December 19, 1994 and is headquartered in San Diego, CA.