Karman (NYSE:KRMN) Price Target Raised to $44.00

Karman (NYSE:KRMN) had its price target lifted by Royal Bank of Canada from $38.00 to $44.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other analysts have also issued reports on KRMN. Robert W. Baird boosted their price target on Karman from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday. Citigroup started coverage on Karman in a research report on Monday, March 10th. They set a “buy” rating and a $42.00 target price for the company. Evercore ISI began coverage on Karman in a research report on Monday, March 10th. They set an “outperform” rating and a $38.00 price target on the stock. Baird R W upgraded Karman to a “strong-buy” rating in a report on Monday, March 10th. Finally, William Blair initiated coverage on shares of Karman in a research note on Monday, March 10th. They issued an “outperform” rating for the company. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $43.50.

Karman Stock Down 0.2%

Shares of KRMN opened at $44.46 on Wednesday. Karman has a 12-month low of $25.02 and a 12-month high of $45.70. The company’s fifty day moving average is $34.92.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new stake in Karman during the first quarter valued at about $107,000. US Bancorp DE purchased a new stake in shares of Karman during the first quarter valued at about $124,000. Hollencrest Capital Management bought a new stake in shares of Karman in the 1st quarter valued at about $155,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Karman in the 1st quarter worth approximately $170,000. Finally, Phoenix Financial Ltd. bought a new position in shares of Karman during the 1st quarter worth approximately $435,000.

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.