Karman (NYSE:KRMN) Reaches New 12-Month High - What's Next?

Karman Holdings Inc. (NYSE:KRMN - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $37.70 and last traded at $37.59, with a volume of 664905 shares traded. The stock had previously closed at $34.94.

Analyst Ratings Changes

Several brokerages recently issued reports on KRMN. Citigroup assumed coverage on Karman in a research report on Monday, March 10th. They issued a "buy" rating and a $42.00 price objective for the company. Baird R W upgraded shares of Karman to a "strong-buy" rating in a report on Monday, March 10th. Royal Bank of Canada began coverage on shares of Karman in a report on Monday, March 10th. They set an "outperform" rating and a $35.00 price objective on the stock. Evercore ISI started coverage on shares of Karman in a research note on Monday, March 10th. They issued an "outperform" rating and a $38.00 target price for the company. Finally, William Blair initiated coverage on Karman in a research note on Monday, March 10th. They issued an "outperform" rating on the stock. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $38.75.

Karman Trading Down 3.9 %

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.