Karman (NYSE:KRMN) Price Target Raised to $51.00

Karman (NYSE:KRMN) had its price target increased by Royal Bank Of Canada from $44.00 to $51.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other research firms also recently issued reports on KRMN. Robert W. Baird boosted their price target on shares of Karman from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, May 14th. Evercore ISI started coverage on shares of Karman in a report on Monday, March 10th. They issued an “outperform” rating and a $38.00 price objective for the company. Citigroup restated a “buy” rating and issued a $58.00 price objective (up previously from $46.50) on shares of Karman in a report on Monday, June 9th. Baird R W upgraded shares of Karman to a “strong-buy” rating in a report on Monday, March 10th. Finally, William Blair started coverage on shares of Karman in a report on Monday, March 10th. They issued an “outperform” rating 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. Based on data from MarketBeat.com, Karman presently has a consensus rating of “Buy” and an average target price of $49.25.

Karman Price Performance

Karman stock opened at $45.02 on Thursday. The company has a 50 day moving average of $43.65. Karman has a 1 year low of $25.02 and a 1 year high of $51.83. The company has a current ratio of 3.34, a quick ratio of 3.23 and a debt-to-equity ratio of 1.15.

Karman (NYSE:KRMN) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $100.12 million during the quarter, compared to analysts’ expectations of $95.40 million. Karman’s revenue for the quarter was up 20.6% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in KRMN. SBI Securities Co. Ltd. acquired a new position in Karman during the 1st quarter worth approximately $107,000. US Bancorp DE acquired a new position in Karman during the 1st quarter worth approximately $124,000. Hollencrest Capital Management acquired a new position in Karman during the 1st quarter worth approximately $155,000. Caitong International Asset Management Co. Ltd acquired a new position in Karman during the 1st quarter worth approximately $170,000. Finally, Phoenix Financial Ltd. acquired a new position in Karman during the 1st quarter worth approximately $435,000.

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.