Karman Holdings Inc. (NYSE:KRMN) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Karman Holdings Inc. (NYSE:KRMN) have been given an average recommendation of “Buy” by the six research firms that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $47.50.

A number of equities research analysts have issued reports on the company. Citigroup reaffirmed a “buy” rating and issued a $58.00 price target (up previously from $46.50) on shares of Karman in a research report on Monday, June 9th. William Blair initiated coverage on Karman in a research report on Monday, March 10th. They issued an “outperform” rating on the stock. Royal Bank Of Canada raised 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. Evercore ISI initiated coverage on Karman in a research report on Monday, March 10th. They set an “outperform” rating and a $38.00 target price on the stock. Finally, Baird R W raised Karman to a “strong-buy” rating in a research report on Monday, March 10th.

Karman Trading Down 3.9%

KRMN stock opened at $46.00 on Thursday. The firm has a 50-day moving average of $40.35. Karman has a 1 year low of $25.02 and a 1 year high of $49.81.

Karman (NYSE:KRMN) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $100.12 million during the quarter, compared to analyst estimates of $95.40 million. The firm’s quarterly revenue was up 20.6% on a year-over-year basis.

Institutional Investors Weigh In On Karman

Several hedge funds and other institutional investors have recently made changes to their positions in KRMN. Bank of New York Mellon Corp acquired a new stake in shares of Karman during the 1st quarter worth about $22,515,000. Caas Capital Management LP acquired a new position in Karman during the first quarter worth approximately $3,192,000. Stephens Investment Management Group LLC acquired a new position in Karman during the first quarter worth approximately $8,740,000. SBI Securities Co. Ltd. acquired a new position in Karman during the first quarter worth approximately $107,000. Finally, TimesSquare Capital Management LLC acquired a new position in Karman during the first quarter worth approximately $14,891,000.

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.