Analysts Set Karman Holdings Inc. (NYSE:KRMN) Price Target at $39.50

Shares of Karman Holdings Inc. (NYSE:KRMN) have been given a consensus recommendation of “Buy” by the six research firms that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $39.50.

A number of equities analysts have weighed in on KRMN shares. 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 research note on Thursday, April 3rd. Evercore ISI began coverage on Karman in a report on Monday, March 10th. They issued an “outperform” rating and a $38.00 price objective on the stock. Baird R W upgraded Karman to a “strong-buy” rating in a report on Monday, March 10th. Citigroup initiated coverage on Karman in a report on Monday, March 10th. They set a “buy” rating and a $42.00 target price for the company. Finally, William Blair assumed coverage on Karman in a research note on Monday, March 10th. They issued an “outperform” rating on the stock.

Karman Price Performance

Shares of NYSE:KRMN opened at $37.78 on Wednesday. Karman has a 52-week low of $25.02 and a 52-week high of $38.58. The business has a 50-day moving average price of $32.91.

Institutional Investors Weigh In On Karman

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in Karman in the 1st quarter valued at about $107,000. Caas Capital Management LP purchased a new position in Karman in the first quarter worth approximately $3,192,000. Stephens Investment Management Group LLC acquired a new stake in Karman during the first quarter worth $8,740,000. TimesSquare Capital Management LLC purchased a new stake in Karman in the first quarter valued at $14,891,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Karman in the 1st quarter valued at $22,515,000.

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.