Karman (NYSE:KRMN) Reaches New 1-Year High – Time to Buy?

Karman Holdings Inc. (NYSE:KRMN) reached a new 52-week high during trading on Monday . The company traded as high as $34.82 and last traded at $34.26, with a volume of 67538 shares. The stock had previously closed at $33.16.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on KRMN shares. Baird R W upgraded Karman to a “strong-buy” rating in a report on Monday, March 10th. Royal Bank of Canada initiated coverage on shares of Karman in a report on Monday, March 10th. They set an “outperform” rating and a $35.00 target price for the company. 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 on the stock. William Blair started coverage on shares of Karman in a report on Monday, March 10th. They issued an “outperform” rating on the stock. Finally, Evercore ISI started coverage on Karman in a research note on Monday, March 10th. They issued an “outperform” rating and a $38.00 price target on the stock. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $38.75.

Karman Stock Up 2.6 %

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.