Karman (NYSE:KRMN) Trading Down 7% - What's Next?

Shares of Karman Holdings Inc. (NYSE:KRMN - Get Free Report) traded down 7% during mid-day trading on Friday . The company traded as low as $33.13 and last traded at $33.47. 219,771 shares were traded during trading, a decline of 72% from the average session volume of 779,626 shares. The stock had previously closed at $35.99.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Baird R W upgraded Karman to a "strong-buy" rating in a report on Monday, March 10th. William Blair began coverage on shares of Karman in a research report on Monday, March 10th. They set an "outperform" rating on the stock. Evercore ISI began coverage on shares of Karman in a research report on Monday, March 10th. They issued an "outperform" rating and a $38.00 price objective for the company. Robert W. Baird began coverage on shares of Karman in a report on Monday, March 10th. They set an "outperform" rating and a $40.00 target price on the stock. Finally, Citigroup began coverage on shares of Karman in a research report on Monday, March 10th. They set a "buy" rating and a $42.00 price target for the company. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $38.75.

Karman Stock Down 2.2 %

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.