Karman (NYSE:KRMN) Trading 3.6% Higher – Should You Buy?

Karman Holdings Inc. (NYSE:KRMN) shares rose 3.6% during mid-day trading on Tuesday . The stock traded as high as $35.83 and last traded at $35.25. Approximately 101,376 shares changed hands during trading, a decline of 87% from the average daily volume of 804,261 shares. The stock had previously closed at $34.02.

Analysts Set New Price Targets

KRMN has been the subject of several recent research reports. Robert W. Baird initiated coverage on shares of Karman in a research report on Monday, March 10th. They issued an “outperform” rating and a $40.00 price objective for the company. Citigroup began coverage on Karman in a research report on Monday, March 10th. They issued a “buy” rating and a $42.00 price objective on the stock. Evercore ISI initiated coverage on Karman in a research note on Monday, March 10th. They set an “outperform” rating and a $38.00 price objective on the stock. Royal Bank of Canada assumed coverage on Karman in a research note on Monday, March 10th. They issued an “outperform” rating and a $35.00 target price for the company. Finally, Baird R W upgraded Karman to a “strong-buy” rating in a report on Monday, March 10th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $38.75.

Karman Stock Down 0.1 %

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.