Karman (NYSE:KRMN) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Karman (NYSE:KRMN - Get Free Report) had its price objective upped by equities researchers at Royal Bank Of Canada from $44.00 to $51.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's target price suggests a potential upside of 13.28% from the company's previous close.

A number of other brokerages have also recently commented on KRMN. Citigroup reiterated a "buy" rating and issued a $58.00 target price (up from $46.50) on shares of Karman in a research report on Monday, June 9th. Evercore ISI started coverage on shares of Karman in a research note on Monday, March 10th. They set an "outperform" rating and a $38.00 target price on the stock. William Blair started coverage on shares of Karman in a research note on Monday, March 10th. They set an "outperform" rating on the stock. Baird R W raised shares of Karman to a "strong-buy" rating in a research note on Monday, March 10th. Finally, Robert W. Baird lifted their target price 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. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Karman currently has an average rating of "Buy" and a consensus price target of $49.25.

Karman Stock Performance

NYSE:KRMN traded down $0.22 during trading hours on Thursday, reaching $45.02. 904,240 shares of the company were exchanged, compared to its average volume of 1,098,052. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.23 and a current ratio of 3.34. The stock has a 50-day moving average of $43.65. Karman has a twelve month low of $25.02 and a twelve month high of $51.83.

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, topping analysts' consensus estimates of $0.02 by $0.03. The company had revenue of $100.12 million for the quarter, compared to analyst estimates of $95.40 million. The business's revenue was up 20.6% compared to the same quarter last year.

Institutional Investors Weigh In On Karman

A number of institutional investors have recently made changes to their positions in KRMN. SBI Securities Co. Ltd. acquired a new position in shares of Karman in the first quarter valued at approximately $107,000. US Bancorp DE acquired a new position in shares of Karman in the first quarter valued at approximately $124,000. Hollencrest Capital Management acquired a new position in shares of Karman in the first quarter valued at approximately $155,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Karman in the first quarter valued at approximately $170,000. Finally, Phoenix Financial Ltd. acquired a new position in shares of Karman in the first quarter valued at approximately $435,000.

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.