Karman (NYSE:KRMN) Price Target Raised to $50.00

Karman (NYSE:KRMN) had its price objective increased by Robert W. Baird from $40.00 to $50.00 in a research report sent to investors on Wednesday morning, Marketbeat.com reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also weighed in on the stock. Evercore ISI began coverage on shares of Karman in a research report on Monday, March 10th. They issued an “outperform” rating and a $38.00 price objective on the stock. Baird R W upgraded shares of Karman to a “strong-buy” rating in a research note on Monday, March 10th. Citigroup initiated coverage on shares of Karman in a research note on Monday, March 10th. They set a “buy” rating and a $42.00 price target on the stock. William Blair started coverage on shares of Karman in a research report on Monday, March 10th. They issued an “outperform” rating for the company. Finally, Royal Bank of Canada lifted their price objective on Karman from $35.00 to $38.00 and gave the company an “outperform” rating in a report 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 company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $43.50.

Karman Stock Performance

Shares of KRMN stock opened at $44.46 on Wednesday. The firm has a 50-day moving average of $34.92. Karman has a 52-week low of $25.02 and a 52-week high of $45.70.

Karman (NYSE:KRMN) last announced its earnings results on Tuesday, May 13th. The company reported $0.05 earnings per share 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

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