Karman (NYSE:KRMN) Hits New 1-Year High – Here’s Why

Karman Holdings Inc. (NYSE:KRMN) shares reached a new 52-week high on Monday . The company traded as high as $34.82 and last traded at $34.26, with a volume of 67538 shares traded. The stock had previously closed at $33.16.

Analysts Set New Price Targets

A number of research firms recently weighed in on KRMN. Royal Bank of Canada began coverage on shares of Karman in a report on Monday, March 10th. They issued an “outperform” rating and a $35.00 target price on the stock. Robert W. Baird began coverage on shares of Karman in a report on Monday, March 10th. They issued an “outperform” rating and a $40.00 target price on the stock. Evercore ISI initiated coverage on shares of Karman in a report on Monday, March 10th. They issued an “outperform” rating and a $38.00 target price on the stock. Baird R W upgraded shares of Karman to a “strong-buy” rating in a research note on Monday, March 10th. Finally, Citigroup initiated coverage on shares of Karman in a research note on Monday, March 10th. They issued a “buy” rating and a $42.00 price objective for the company. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $38.75.

Karman Stock Up 0.7 %

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.