Karman (NYSE:KRMN) Hits New 1-Year High – Here’s Why

Shares of Karman Holdings Inc. (NYSE:KRMN) hit a new 52-week high during mid-day trading on Monday . The stock 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.

Wall Street Analyst Weigh In

KRMN has been the subject of several research analyst reports. 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 target for the company. Royal Bank of Canada initiated coverage on shares of Karman in a research note on Monday, March 10th. They issued an “outperform” rating and a $35.00 price objective for the company. William Blair assumed coverage on Karman in a research report on Monday, March 10th. They set an “outperform” rating on the stock. Robert W. Baird initiated coverage on Karman in a research report on Monday, March 10th. They issued an “outperform” rating and a $40.00 price target for the company. Finally, Citigroup initiated coverage on Karman in a report on Monday, March 10th. They set a “buy” rating and a $42.00 price objective on the stock. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Karman currently has an average rating of “Buy” and an average price target of $38.75.

Karman Stock Performance

About Karman

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.