Karman (NYSE:KRMN) Sets New 1-Year Low – What’s Next?

Karman Holdings Inc. (NYSE:KRMN)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $25.03 and last traded at $25.65, with a volume of 60434 shares traded. The stock had previously closed at $27.98.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KRMN. Baird R W raised shares of Karman to a “strong-buy” rating in a research note on Monday, March 10th. Citigroup initiated coverage on Karman in a research report on Monday, March 10th. They set a “buy” rating and a $42.00 price objective for the company. William Blair began coverage on shares of Karman in a research note on Monday, March 10th. They set an “outperform” rating for the company. Robert W. Baird initiated coverage on shares of Karman in a research report on Monday, March 10th. They issued an “outperform” rating and a $40.00 price objective on the stock. Finally, Royal Bank of Canada lifted 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. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $39.50.

Karman Price Performance

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.