Karman Holdings Inc. (NYSE:KRMN - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $40.25 and last traded at $40.25, with a volume of 5354 shares changing hands. The stock had previously closed at $38.80.
Analyst Ratings Changes
A number of analysts recently commented on KRMN shares. Baird R W raised Karman to a "strong-buy" rating in a research report on Monday, March 10th. Royal Bank of Canada increased their price target on Karman from $38.00 to $44.00 and gave the company an "outperform" rating in a research report on Wednesday. Evercore ISI started coverage on Karman in a research report on Monday, March 10th. They set an "outperform" rating and a $38.00 price target for the company. Citigroup began coverage on Karman in a research report on Monday, March 10th. They set a "buy" rating and a $42.00 price target for the company. Finally, Robert W. Baird increased their price objective on Karman from $40.00 to $50.00 and gave the company an "outperform" rating in a report on Wednesday. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $43.50.
Check Out Our Latest Report on Karman
Karman Stock Down 0.2%
The stock's fifty day simple moving average is $34.92.
Karman (NYSE:KRMN - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The firm had revenue of $100.12 million for the quarter, compared to the consensus estimate of $95.40 million.
Hedge Funds Weigh In On Karman
A number of large investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new position in shares of Karman in the first quarter worth $107,000. US Bancorp DE bought a new position in shares of Karman in the first quarter worth $124,000. Hollencrest Capital Management bought a new position in shares of Karman in the first quarter worth $155,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Karman in the first quarter worth $170,000. Finally, Phoenix Financial Ltd. bought a new position in shares of Karman in the first quarter worth $435,000.
About Karman
(
Get Free Report)
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.
Further Reading
Before you consider Karman, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Karman wasn't on the list.
While Karman currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
