Karman Holdings Inc. (NYSE:KRMN) Receives $47.50 Consensus PT from Analysts

Shares of Karman Holdings Inc. (NYSE:KRMN - Get Free Report) have been given an average recommendation of "Buy" by the six brokerages that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $47.50.

A number of analysts have recently issued reports on the company. Royal Bank Of Canada lifted 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. Evercore ISI began coverage on Karman in a research note on Monday, March 10th. They set an "outperform" rating and a $38.00 price objective for the company. William Blair initiated coverage on Karman in a research report on Monday, March 10th. They issued an "outperform" rating on the stock. Citigroup reiterated a "buy" rating and set a $58.00 target price (up from $46.50) on shares of Karman in a research note on Monday, June 9th. Finally, Robert W. Baird lifted their price target on shares of Karman from $40.00 to $50.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 14th.

Karman Stock Down 3.9%

Shares of KRMN traded down $1.88 during mid-day trading on Thursday, reaching $46.00. 713,658 shares of the stock traded hands, compared to its average volume of 654,112. The firm has a fifty day moving average of $40.35. Karman has a 12-month low of $25.02 and a 12-month high of $49.81.

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

Institutional Inflows and Outflows

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