Robert W. Baird Forecasts Strong Price Appreciation for Karman (NYSE:KRMN) Stock

Karman (NYSE:KRMN) had its target price upped by investment analysts at Robert W. Baird from $40.00 to $50.00 in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 12.18% from the company’s current price.

A number of other equities research analysts have also weighed in on KRMN. William Blair assumed coverage on Karman in a research note on Monday, March 10th. They set an “outperform” rating on the stock. Evercore ISI assumed coverage on Karman in a research note on Monday, March 10th. They set an “outperform” rating and a $38.00 price target on the stock. Citigroup assumed coverage on Karman in a research note on Monday, March 10th. They set a “buy” rating and a $42.00 price target on the stock. Baird R W upgraded Karman to a “strong-buy” rating in a research note on Monday, March 10th. Finally, Royal Bank of Canada boosted their price target on Karman from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, April 3rd. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Karman currently has an average rating of “Buy” and an average target price of $43.50.

Karman Stock Performance

KRMN opened at $44.57 on Wednesday. The company has a 50-day moving average of $34.62. Karman has a 1 year low of $25.02 and a 1 year high of $45.70.

Karman (NYSE:KRMN) last posted its earnings results on Tuesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $100.12 million during the quarter, compared to analysts’ expectations of $95.40 million.

Institutional Investors Weigh In On Karman

Institutional investors and hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Karman during the first quarter worth about $107,000. US Bancorp DE acquired a new stake in shares of Karman during the first quarter worth about $124,000. Hollencrest Capital Management acquired a new stake in shares of Karman during the first quarter worth about $155,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Karman during the first quarter worth about $170,000. Finally, Phoenix Financial Ltd. acquired a new stake in shares of Karman during the first quarter worth about $435,000.

About Karman

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.