Karman (NYSE:KRMN) Shares Gap Down – What’s Next?

Karman Holdings Inc. (NYSE:KRMN) shares gapped down prior to trading on Tuesday . The stock had previously closed at $33.42, but opened at $32.35. Karman shares last traded at $32.72, with a volume of 406,398 shares changing hands.

Wall Street Analysts Forecast Growth

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

Karman Stock Up 2.6 %

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.