Karman (NYSE:KRMN) Stock Price Up 3.6% – Still a Buy?

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

Wall Street Analyst Weigh In

Several research firms have weighed in on KRMN. Robert W. Baird assumed coverage on shares of Karman in a report on Monday, March 10th. They issued an “outperform” rating and a $40.00 target price on the stock. Citigroup started coverage on Karman in a research report on Monday, March 10th. They set a “buy” rating and a $42.00 price objective for the company. William Blair initiated coverage on shares of Karman in a research note on Monday, March 10th. They set an “outperform” rating for the company. Baird R W upgraded Karman to a “strong-buy” rating in a report on Monday, March 10th. Finally, Royal Bank of Canada began coverage on Karman in a research note on Monday, March 10th. They set an “outperform” rating and a $35.00 price objective on the stock. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Karman has a consensus rating of “Buy” and a consensus target price of $38.75.

Karman Stock 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.