Karman (NYSE:KRMN) Sets New 12-Month High – Here’s What Happened

Karman Holdings Inc. (NYSE:KRMN) reached a new 52-week high during mid-day 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.

Analyst Ratings Changes

Several research analysts have recently weighed in on KRMN shares. Evercore ISI initiated coverage on shares of Karman in a research note on Monday, March 10th. They set an “outperform” rating and a $38.00 price objective on the stock. Baird R W raised Karman to a “strong-buy” rating in a research note on Monday, March 10th. Royal Bank of Canada began coverage on Karman in a research note on Monday, March 10th. They issued an “outperform” rating and a $35.00 price target 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 objective on the stock. Finally, Robert W. Baird assumed coverage on Karman in a research report on Monday, March 10th. They issued an “outperform” rating and a $40.00 price target on the stock. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Karman 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.