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Stock analysts at Jefferies Group reduced their price objective on shares of Kaman Corp. (NASDAQ:KAMN) from $48.00 to $46.00 in a report issued on Wednesday. Jefferies Group’s price target points to a potential upside of 16.22% from the stock’s previous close.

Shares of Kaman Corp. (NASDAQ:KAMN) traded down 0.18% on Wednesday, hitting $39.51. The stock had a trading volume of 25,312 shares. Kaman Corp. has a one year low of $34.87 and a one year high of $44.60. The stock’s 50-day moving average is $41.87 and its 200-day moving average is $41.00. The company has a market cap of $1.068 billion and a price-to-earnings ratio of 18.11.

Kaman Corp. (NASDAQ:KAMN) last released its earnings data on Monday, August 4th. The company reported $0.60 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.60. The company had revenue of $459.00 million for the quarter, compared to the consensus estimate of $471.25 million. During the same quarter last year, the company posted $0.67 earnings per share. Kaman Corp.’s revenue was up 6.5% compared to the same quarter last year. Analysts expect that Kaman Corp. will post $2.48 EPS for the current fiscal year.

Separately, analysts at Sidoti downgraded shares of Kaman Corp. from a “buy” rating to a “neutral” rating in a research note on Friday, June 20th.

Kaman Corporation conducts business in the aerospace and distribution markets. The Company operates in two business segments: Distribution and Aerospace.

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