Karman's (KRMN) "Buy" Rating Reaffirmed at Citigroup

Karman (NYSE:KRMN - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at Citigroup in a note issued to investors on Monday, MarketBeat.com reports. They presently have a $58.00 target price on the stock, up from their previous target price of $46.50. Citigroup's target price would indicate a potential upside of 21.93% from the company's current price.

Several other equities analysts also recently commented on KRMN. Royal Bank of Canada raised their target price on Karman from $38.00 to $44.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 14th. Robert W. Baird raised their target price on Karman from $40.00 to $50.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 14th. William Blair initiated coverage on Karman in a research report on Monday, March 10th. They set an "outperform" rating for the company. Baird R W upgraded Karman to a "strong-buy" rating in a research report on Monday, March 10th. Finally, Evercore ISI initiated coverage on Karman in a research report on Monday, March 10th. They set an "outperform" rating and a $38.00 target price for the company. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $47.50.

Karman Trading Up 3.4%

Shares of KRMN stock traded up $1.58 during mid-day trading on Monday, reaching $47.57. The stock had a trading volume of 550,377 shares, compared to its average volume of 880,640. The company has a 50 day moving average of $38.48. Karman has a one year low of $25.02 and a one year high of $47.70.

Karman (NYSE:KRMN - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. The firm had revenue of $100.12 million during the quarter, compared to the consensus estimate of $95.40 million. The company's quarterly revenue was up 20.6% on a year-over-year basis.

Institutional Investors Weigh In On Karman

Hedge funds and other institutional investors have recently bought and sold shares of the business. TD Asset Management Inc acquired a new stake in Karman during the 1st quarter valued at $925,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Karman during the 1st quarter valued at $2,505,000. Royce & Associates LP acquired a new stake in Karman during the 1st quarter valued at $4,565,000. Phoenix Financial Ltd. acquired a new stake in Karman during the 1st quarter valued at $435,000. Finally, Jennison Associates LLC acquired a new stake in Karman during the 1st quarter valued at $5,740,000.

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.