Karman (NYSE:KRMN) Shares Gap Down - Should You Sell?

Karman Holdings Inc. (NYSE:KRMN - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $33.42, but opened at $32.35. Karman shares last traded at $32.72, with a volume of 406,398 shares trading hands.

Analysts Set New Price Targets

KRMN has been the topic of a number of recent analyst reports. Royal Bank of Canada upped their price objective on Karman from $35.00 to $38.00 and gave the stock an "outperform" rating in a report on Thursday. Baird R W upgraded shares of Karman to a "strong-buy" rating in a report on Monday, March 10th. Evercore ISI initiated coverage on shares of Karman in a report on Monday, March 10th. They set an "outperform" rating and a $38.00 price objective on the stock. Robert W. Baird started coverage on shares of Karman in a research report on Monday, March 10th. They set an "outperform" rating and a $40.00 target price on the stock. Finally, William Blair initiated coverage on shares of Karman in a research report on Monday, March 10th. They set an "outperform" rating for the company. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Karman currently has a consensus rating of "Buy" and an average target price of $39.50.

Karman Stock Down 15.1 %

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.