Karman Holdings Inc. (NYSE:KRMN) Receives Average Rating of “Buy” from Brokerages

Shares of Karman Holdings Inc. (NYSE:KRMN) have earned an average recommendation of “Buy” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $71.50.

Several brokerages have recently issued reports on KRMN. Raymond James Financial began coverage on Karman in a research report on Friday, September 5th. They set a “strong-buy” rating and a $100.00 price target on the stock. Truist Financial assumed coverage on Karman in a research report on Friday, October 10th. They set a “buy” rating and a $89.00 price target on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Karman in a research note on Saturday. Evercore ISI raised their price objective on Karman from $58.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Finally, Royal Bank Of Canada raised their price objective on Karman from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th.

Karman Stock Up 2.8%

Shares of KRMN stock opened at $84.27 on Wednesday. Karman has a 1 year low of $25.02 and a 1 year high of $85.02. The stock has a market cap of $11.15 billion and a PE ratio of 561.77. The business’s fifty day moving average is $66.14 and its 200-day moving average is $51.92. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.58 and a current ratio of 2.75.

Karman (NYSE:KRMN) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $115.10 million during the quarter. The business’s revenue for the quarter was up 35.3% on a year-over-year basis. Karman has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On Karman

Several large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its stake in shares of Karman by 56.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock worth $33,000 after acquiring an additional 164 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Karman by 5,718.2% during the 3rd quarter. Global Retirement Partners LLC now owns 640 shares of the company’s stock worth $46,000 after acquiring an additional 629 shares in the last quarter. Global Trust Asset Management LLC bought a new stake in shares of Karman during the 2nd quarter worth $50,000. ORG Wealth Partners LLC bought a new stake in shares of Karman during the 3rd quarter worth $116,000. Finally, Penserra Capital Management LLC acquired a new stake in shares of Karman in the second quarter worth $95,000.

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.