Karman (NYSE:KRMN) Stock Rating Upgraded by Piper Sandler

Karman (NYSE:KRMN) was upgraded by analysts at Piper Sandler from a “neutral” rating to an “overweight” rating in a research note issued to investors on Friday,Benzinga reports. The firm presently has a $127.00 price objective on the stock, up from their previous price objective of $110.00. Piper Sandler’s target price indicates a potential upside of 30.64% from the stock’s current price.

A number of other analysts also recently issued reports on the company. BWS Financial reaffirmed a “sell” rating and issued a $37.00 target price on shares of Karman in a research note on Thursday, January 22nd. KeyCorp upped their price objective on shares of Karman from $80.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Truist Financial set a $118.00 price objective on shares of Karman in a research report on Friday, January 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Karman in a report on Monday, December 29th. Finally, Citigroup reissued a “buy” rating on shares of Karman in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $106.56.

Karman Price Performance

NYSE:KRMN opened at $97.21 on Friday. Karman has a one year low of $25.02 and a one year high of $118.38. The stock has a market cap of $12.86 billion and a PE ratio of 388.84. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.69 and a current ratio of 2.86. The stock has a 50 day moving average price of $93.69 and a 200 day moving average price of $77.04.

Institutional Investors Weigh In On Karman

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC purchased a new stake in Karman during the 1st quarter worth approximately $10,199,000. Goldman Sachs Group Inc. acquired a new position in shares of Karman in the first quarter worth $17,371,000. Jane Street Group LLC purchased a new stake in shares of Karman during the first quarter worth $532,000. Envestnet Asset Management Inc. purchased a new stake in shares of Karman during the second quarter worth $762,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Karman in the second quarter valued at $202,000.

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. We estimate that no single program accounted for more than 10% of sales for the nine months ended September 30, 2024 or the twelve months ended December 31, 2023, with revenue from over 100 active programs supporting current production and next-generation space, missile, hypersonic, and defense applications.