Karman (NYSE:KRMN) Shares Up 4.7% - What's Next?

Karman Holdings Inc. (NYSE:KRMN - Get Free Report)'s share price traded up 4.7% during mid-day trading on Tuesday . The company traded as high as $34.35 and last traded at $34.02. 396,300 shares changed hands during trading, a decline of 61% from the average session volume of 1,025,926 shares. The stock had previously closed at $32.50.

Wall Street Analyst Weigh In

A number of analysts have commented on KRMN shares. Royal Bank of Canada increased their price target on shares of Karman from $35.00 to $38.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Citigroup started coverage on Karman in a research note on Monday, March 10th. They set a "buy" rating and a $42.00 target price for the company. Robert W. Baird started coverage on shares of Karman in a report on Monday, March 10th. They issued an "outperform" rating and a $40.00 price objective on the stock. Baird R W upgraded shares of Karman to a "strong-buy" rating in a research note on Monday, March 10th. Finally, Evercore ISI started coverage on shares of Karman in a research report on Monday, March 10th. They set an "outperform" rating and a $38.00 price objective for the company. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $39.50.

Karman Price Performance

The business has a 50-day moving average of $32.28.

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.