Karman (NYSE:KRMN) Shares Up 4.7% – Here’s Why

Shares of Karman Holdings Inc. (NYSE:KRMN) rose 4.7% on Tuesday . The company traded as high as $34.35 and last traded at $34.02. Approximately 396,300 shares were traded during trading, a decline of 61% from the average daily volume of 1,025,926 shares. The stock had previously closed at $32.50.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Robert W. Baird began coverage on Karman in a report on Monday, March 10th. They set an “outperform” rating and a $40.00 target price for the company. Citigroup assumed coverage on Karman in a research report on Monday, March 10th. They set a “buy” rating and a $42.00 price target on the stock. Baird R W raised Karman to a “strong-buy” rating in a report on Monday, March 10th. Royal Bank of Canada increased their target price on Karman from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, April 3rd. Finally, William Blair began coverage on Karman in a research note on Monday, March 10th. They issued an “outperform” rating for the company. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $39.50.

Karman Stock Up 5.9 %

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.