Karman (NYSE:KRMN) Sets New 52-Week Low - What's Next?

Karman Holdings Inc. (NYSE:KRMN - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $27.90 and last traded at $28.21, with a volume of 1217328 shares. The stock had previously closed at $31.19.

Analysts Set New Price Targets

KRMN has been the subject of a number of research reports. William Blair began coverage on Karman in a report on Monday. They set an "outperform" rating for the company. Citigroup assumed coverage on Karman in a research report on Monday. They set a "buy" rating and a $42.00 price target for the company. Evercore ISI assumed coverage on shares of Karman in a report on Monday. They issued an "outperform" rating and a $38.00 price objective for the company. Robert W. Baird started coverage on shares of Karman in a research note on Monday. They set an "outperform" rating and a $40.00 target price on the stock. Finally, Royal Bank of Canada began coverage on Karman in a research note on Monday. They issued an "outperform" rating and a $35.00 price target for the company. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $38.75.

Karman Stock Performance

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.