Karman (NYSE:KRMN) Stock Price Down 7% – Here’s Why

Shares of Karman Holdings Inc. (NYSE:KRMN) fell 7% during trading on Friday . The company traded as low as $33.13 and last traded at $33.47. 219,771 shares changed hands during trading, a decline of 72% from the average session volume of 779,626 shares. The stock had previously closed at $35.99.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KRMN. Robert W. Baird began coverage on shares of Karman in a research report on Monday, March 10th. They set an “outperform” rating and a $40.00 price objective for the company. Baird R W raised shares of Karman to a “strong-buy” rating in a research report on Monday, March 10th. Royal Bank of Canada started coverage on shares of Karman in a research report on Monday, March 10th. They issued an “outperform” rating and a $35.00 target price for the company. Evercore ISI started coverage on shares of Karman in a research report on Monday, March 10th. They issued an “outperform” rating and a $38.00 target price for the company. Finally, Citigroup started coverage on shares of Karman in a research report on Monday, March 10th. They issued a “buy” rating and a $42.00 target price for the company. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $38.75.

Karman Trading Down 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.