Karman (NYSE:KRMN) Price Target Raised to $50.00 at Robert W. Baird

Karman (NYSE:KRMN) had its target price raised by Robert W. Baird from $40.00 to $50.00 in a research note released on Wednesday morning, MarketBeat reports. They currently have an outperform rating on the stock.

A number of other brokerages have also recently weighed in on KRMN. Evercore ISI assumed coverage on Karman in a research report on Monday, March 10th. They issued an “outperform” rating and a $38.00 price target on the stock. Baird R W raised shares of Karman to a “strong-buy” rating in a report on Monday, March 10th. William Blair initiated coverage on shares of Karman in a research report on Monday, March 10th. They set an “outperform” rating for the company. Royal Bank of Canada boosted their price target on shares of Karman from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, April 3rd. Finally, Citigroup assumed coverage on shares of Karman in a report on Monday, March 10th. They set a “buy” rating and a $42.00 price objective for the company. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Karman presently has a consensus rating of “Buy” and a consensus price target of $43.50.

Karman Trading Up 7.6%

Shares of Karman stock opened at $43.21 on Wednesday. The company’s 50-day simple moving average is $34.30. Karman has a twelve month low of $25.02 and a twelve month high of $43.47.

Karman (NYSE:KRMN) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $100.12 million for the quarter, compared to analyst estimates of $95.40 million.

Institutional Investors Weigh In On Karman

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KRMN. Bank of New York Mellon Corp acquired a new position in shares of Karman during the first quarter worth approximately $22,515,000. Caas Capital Management LP acquired a new position in Karman during the 1st quarter worth $3,192,000. Stephens Investment Management Group LLC bought a new position in Karman in the 1st quarter valued at $8,740,000. SBI Securities Co. Ltd. acquired a new stake in shares of Karman in the 1st quarter valued at $107,000. Finally, TimesSquare Capital Management LLC bought a new stake in shares of Karman during the first quarter worth $14,891,000.

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.