Karman Holdings Inc.'s Quiet Period Set To End on March 25th (NYSE:KRMN)

Karman's (NYSE:KRMN - Get Free Report) quiet period will end on Tuesday, March 25th. Karman had issued 23,000,000 shares in its initial public offering on February 13th. The total size of the offering was $506,000,000 based on an initial share price of $22.00. During the company's quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company's quiet period, it's expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Baird R W upgraded shares of Karman to a "strong-buy" rating in a research report on Monday, March 10th. Citigroup began coverage on Karman in a report on Monday, March 10th. They set a "buy" rating and a $42.00 target price for the company. Evercore ISI assumed coverage on Karman in a research report on Monday, March 10th. They set an "outperform" rating and a $38.00 price objective for the company. Robert W. Baird assumed coverage on Karman in a research report on Monday, March 10th. They issued an "outperform" rating and a $40.00 target price on the stock. Finally, William Blair began coverage on shares of Karman in a research report on Monday, March 10th. They set an "outperform" rating for the company. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $38.75.

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Karman Trading Down 0.9 %

Shares of KRMN stock traded down $0.32 on Friday, reaching $35.67. 563,235 shares of the company's stock traded hands, compared to its average volume of 793,828. Karman has a 12-month low of $27.13 and a 12-month high of $37.64.

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.