Royal Bank Of Canada Lowers Karman (NYSE:KRMN) Price Target to $85.00

Karman (NYSE:KRMN) had its price objective reduced by stock analysts at Royal Bank Of Canada from $100.00 to $85.00 in a research report issued on Friday, MarketBeat.com reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 77.98% from the stock’s current price.

KRMN has been the subject of several other research reports. KeyCorp reduced their price target on shares of Karman from $122.00 to $100.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Piper Sandler dropped their price objective on shares of Karman from $127.00 to $114.00 and set an “overweight” rating on the stock in a report on Tuesday, May 19th. Truist Financial upgraded shares of Karman to a “strong-buy” rating in a research report on Friday, May 1st. Evercore set a $100.00 target price on shares of Karman in a report on Wednesday, May 13th. Finally, Citigroup decreased their price target on shares of Karman from $97.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.00.

Karman Stock Performance

Shares of KRMN opened at $47.76 on Friday. The firm has a market capitalization of $6.33 billion, a P/E ratio of 207.66 and a beta of 0.51. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.53 and a quick ratio of 3.38. Karman has a one year low of $43.68 and a one year high of $118.38. The business has a fifty day moving average of $52.30 and a 200 day moving average of $76.63.

Karman (NYSE:KRMN) last posted its earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $151.21 million for the quarter, compared to the consensus estimate of $150.19 million. Karman had a return on equity of 14.94% and a net margin of 5.73%.Karman’s revenue was up 51.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 earnings per share. As a group, sell-side analysts anticipate that Karman will post 0.58 EPS for the current year.

Hedge Funds Weigh In On Karman

Several large investors have recently added to or reduced their stakes in the company. AustralianSuper Pty Ltd bought a new stake in shares of Karman during the 4th quarter valued at $33,679,000. UBS Group AG boosted its holdings in Karman by 103.7% in the 4th quarter. UBS Group AG now owns 926,976 shares of the company’s stock worth $67,827,000 after buying an additional 471,894 shares during the period. Aubrey Capital Management Ltd bought a new position in Karman in the 4th quarter worth $3,687,000. Mass General Brigham Inc purchased a new stake in Karman in the 4th quarter worth $114,295,000. Finally, Vanguard Group Inc. raised its holdings in Karman by 151.1% during the fourth quarter. Vanguard Group Inc. now owns 9,342,230 shares of the company’s stock valued at $683,571,000 after acquiring an additional 5,621,556 shares during the period.

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. We estimate that no single program accounted for more than 10% of sales for the nine months ended September 30, 2024 or the twelve months ended December 31, 2023, with revenue from over 100 active programs supporting current production and next-generation space, missile, hypersonic, and defense applications.