Karman (NYSE:KRMN) Reaches New 52-Week High - What's Next?

Karman Holdings Inc. (NYSE:KRMN - Get Free Report)'s stock price 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 changing hands. The stock had previously closed at $33.16.

Analysts Set New Price Targets

KRMN has been the topic of a number of analyst reports. William Blair began coverage on Karman in a research note on Monday, March 10th. They set an "outperform" rating on the stock. Royal Bank of Canada assumed coverage on shares of Karman in a report on Monday, March 10th. They set an "outperform" rating and a $35.00 price target for the company. Citigroup started coverage on shares of Karman in a research note on Monday, March 10th. They set a "buy" rating and a $42.00 price objective on the stock. Baird R W raised shares of Karman to a "strong-buy" rating in a research note on Monday, March 10th. Finally, Robert W. Baird initiated coverage on Karman in a research note on Monday, March 10th. They set an "outperform" rating and a $40.00 price target on the stock. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $38.75.

Karman Price 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.