Karman (NYSE:KRMN) Trading Up 4.7% – Should You Buy?

Karman Holdings Inc. (NYSE:KRMN) rose 4.7% during trading on Tuesday . The stock traded as high as $34.35 and last traded at $34.02. Approximately 396,300 shares changed hands during trading, a decline of 61% from the average daily volume of 1,025,926 shares. The stock had previously closed at $32.50.

Analysts Set New Price Targets

A number of equities research analysts have commented on KRMN shares. Citigroup began coverage on shares of Karman in a report on Monday, March 10th. They issued a “buy” rating and a $42.00 price target for the company. Baird R W raised shares of Karman to a “strong-buy” rating in a research report on Monday, March 10th. Robert W. Baird began coverage on Karman in a research note on Monday, March 10th. They set an “outperform” rating and a $40.00 price target for the company. William Blair began coverage on Karman in a report on Monday, March 10th. They set an “outperform” rating for the company. Finally, Evercore ISI started coverage on shares of Karman in a report on Monday, March 10th. They issued an “outperform” rating and a $38.00 target price for the company. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $39.50.

Karman Stock Up 5.9 %

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.