Karman (NYSE:KRMN) Sets New 52-Week High – Here’s What Happened

Karman Holdings Inc. (NYSE:KRMN) reached a new 52-week high on Monday . The company traded as high as $37.70 and last traded at $37.59, with a volume of 664905 shares changing hands. The stock had previously closed at $34.94.

Analyst Ratings Changes

Several research analysts have recently issued reports on KRMN shares. Evercore ISI began coverage on shares of Karman in a report on Monday, March 10th. They issued an “outperform” rating and a $38.00 target price on the stock. Royal Bank of Canada began coverage on shares of Karman in a research report on Monday, March 10th. They issued an “outperform” rating and a $35.00 price objective on the stock. Baird R W upgraded shares of Karman to a “strong-buy” rating in a report on Monday, March 10th. Robert W. Baird assumed coverage on Karman in a report on Monday, March 10th. They set an “outperform” rating and a $40.00 price target on the stock. Finally, William Blair assumed coverage on Karman in a report on Monday, March 10th. They issued an “outperform” rating for the company. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $38.75.

Karman Price Performance

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.