Karman Holdings Inc. (NYSE:KRMN) Receives $49.25 Consensus Price Target from Analysts

Shares of Karman Holdings Inc. (NYSE:KRMN - Get Free Report) have been assigned a consensus rating of "Buy" from the six research firms that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $49.25.

A number of equities analysts have recently commented on KRMN shares. Citigroup restated a "buy" rating and set a $58.00 price objective (up from $46.50) on shares of Karman in a research note on Monday, June 9th. Robert W. Baird raised their price target on Karman from $40.00 to $50.00 and gave the stock an "outperform" rating in a report on Wednesday, May 14th. Finally, Royal Bank Of Canada boosted their price target on Karman from $44.00 to $51.00 and gave the company an "outperform" rating in a report on Thursday, July 3rd.

Karman Stock Up 1.7%

Shares of KRMN stock traded up $0.83 during trading on Monday, hitting $49.59. 593,976 shares of the stock traded hands, compared to its average volume of 940,162. Karman has a 52-week low of $25.02 and a 52-week high of $51.83. The firm's fifty day moving average price is $44.74. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.23 and a current ratio of 3.34.

Karman (NYSE:KRMN - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $95.40 million. Karman's quarterly revenue was up 20.6% on a year-over-year basis.

Institutional Investors Weigh In On Karman

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. bought a new position in shares of Karman in the 1st quarter valued at $61,024,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Karman in the 1st quarter valued at $58,799,000. Invesco Ltd. purchased a new position in Karman during the 1st quarter valued at $50,220,000. T. Rowe Price Investment Management Inc. purchased a new position in Karman during the first quarter valued at $48,691,000. Finally, Alliancebernstein L.P. bought a new stake in Karman in the 1st quarter worth approximately $37,182,000.

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.