Royal Bank of Canada Forecasts Strong Price Appreciation for Karman (NYSE:KRMN) Stock

Karman (NYSE:KRMN) had its target price lifted by investment analysts at Royal Bank of Canada from $35.00 to $38.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 17.68% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Baird R W raised shares of Karman to a “strong-buy” rating in a report on Monday, March 10th. Robert W. Baird assumed coverage on Karman in a research report on Monday, March 10th. They set an “outperform” rating and a $40.00 price target for the company. Citigroup initiated coverage on Karman in a research report on Monday, March 10th. They issued a “buy” rating and a $42.00 target price on the stock. 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. Finally, William Blair assumed coverage on shares of Karman in a research report on Monday, March 10th. They set an “outperform” rating for the company. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Karman currently has an average rating of “Buy” and an average price target of $39.50.

Karman Stock Performance

Shares of NYSE:KRMN traded down $2.31 on Thursday, hitting $32.29. The stock had a trading volume of 177,305 shares, compared to its average volume of 939,631. Karman has a twelve month low of $27.13 and a twelve month high of $38.58.

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.