Karman (NYSE:KRMN) Trading Down 16% – Should You Sell?

Karman Holdings Inc. (NYSE:KRMN) fell 16% during trading on Friday . The company traded as low as $27.34 and last traded at $27.61. 1,187,677 shares traded hands during mid-day trading, an increase of 23% from the average session volume of 962,222 shares. The stock had previously closed at $32.85.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada boosted their price target on shares of Karman from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday. Citigroup began coverage on Karman in a report on Monday, March 10th. They issued a “buy” rating and a $42.00 price objective for the company. William Blair began coverage on Karman in a report on Monday, March 10th. They set an “outperform” rating on the stock. Evercore ISI started coverage on Karman in a research note on Monday, March 10th. They set an “outperform” rating and a $38.00 price objective for the company. Finally, Baird R W upgraded Karman to a “strong-buy” rating in a research note on Monday, March 10th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Karman currently has an average rating of “Buy” and an average target price of $39.50.

Karman Trading Down 15.1 %

Karman Company Profile

We specialize in the upfront design, testing, manufacturing, and sale of mission-critical systems for existing and emerging missile and defense, and space programs. Our integrated payload protection, propulsion, and interstage system solutions are deployed across a wide variety of existing and emerging programs supporting important Department of Defense (“DoD”) and space sector initiatives.