Analysts Set Karman Holdings Inc. (NYSE:KRMN) PT at $43.50

Karman Holdings Inc. (NYSE:KRMN) has been assigned a consensus recommendation of “Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $43.50.

KRMN has been the subject of several research reports. Royal Bank of Canada increased their target price on Karman from $38.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 14th. Citigroup assumed coverage on Karman in a report on Monday, March 10th. They issued a “buy” rating and a $42.00 price objective for the company. Robert W. Baird boosted their target price on shares of Karman from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, May 14th. Baird R W raised shares of Karman to a “strong-buy” rating in a research report on Monday, March 10th. Finally, William Blair assumed coverage on shares of Karman in a research note on Monday, March 10th. They issued an “outperform” rating for the company.

Karman Trading Down 1.7%

Shares of Karman stock opened at $42.85 on Friday. Karman has a 12-month low of $25.02 and a 12-month high of $45.73. The firm’s fifty day moving average is $36.67.

Karman (NYSE:KRMN) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $95.40 million. The company’s quarterly revenue was up 20.6% compared to the same quarter last year.

Hedge Funds Weigh In On Karman

Hedge funds have recently modified their holdings of the stock. TD Asset Management Inc bought a new stake in Karman during the first quarter worth approximately $925,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Karman in the 1st quarter worth approximately $2,505,000. Royce & Associates LP bought a new position in shares of Karman during the 1st quarter valued at approximately $4,565,000. Phoenix Financial Ltd. purchased a new stake in Karman during the 1st quarter valued at $435,000. Finally, Jennison Associates LLC bought a new stake in Karman in the first quarter worth $5,740,000.

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.