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

Shares of Karman Holdings Inc. (NYSE:KRMN - Get Free Report) have earned an average rating of "Buy" from the six research firms that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $39.50.

Several brokerages recently commented on KRMN. Baird R W raised shares of Karman to a "strong-buy" rating in a research report on Monday, March 10th. Citigroup began coverage on shares of Karman in a research note on Monday, March 10th. They issued a "buy" rating and a $42.00 price target for the company. Evercore ISI began coverage on shares of Karman in a research report on Monday, March 10th. They set an "outperform" rating and a $38.00 price objective on the stock. Robert W. Baird assumed coverage on shares of Karman in a research report on Monday, March 10th. They issued an "outperform" rating and a $40.00 target price for the company. Finally, William Blair initiated coverage on shares of Karman in a research note on Monday, March 10th. They set an "outperform" rating for the company.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Massachusetts Financial Services Co. MA bought a new position in Karman in the 1st quarter worth $33,985,000. Bank of New York Mellon Corp bought a new position in shares of Karman in the first quarter worth about $22,515,000. TimesSquare Capital Management LLC purchased a new position in shares of Karman during the 1st quarter valued at about $14,891,000. Stephens Investment Management Group LLC bought a new position in shares of Karman during the 1st quarter valued at approximately $8,740,000. Finally, Jennison Associates LLC purchased a new stake in Karman in the 1st quarter worth approximately $5,740,000.

Karman Stock Performance

Shares of NYSE KRMN traded up $0.10 on Wednesday, reaching $37.99. 34,168 shares of the company's stock traded hands, compared to its average volume of 936,622. The company has a 50 day moving average of $32.91. Karman has a 12 month low of $25.02 and a 12 month high of $38.58.

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.