Karman (NYSE:KRMN) Stock Price Up 3.6% – Here’s Why

Karman Holdings Inc. (NYSE:KRMN)’s stock price shot up 3.6% during trading on Tuesday . The stock traded as high as $35.83 and last traded at $35.25. 101,376 shares were traded during trading, a decline of 87% from the average session volume of 804,261 shares. The stock had previously closed at $34.02.

Wall Street Analyst Weigh In

KRMN has been the subject of several analyst reports. Royal Bank of Canada began coverage on Karman in a research report on Monday, March 10th. They set an “outperform” rating and a $35.00 target price for the company. Citigroup assumed coverage on shares of Karman in a research note on Monday, March 10th. They issued a “buy” rating and a $42.00 price objective on the stock. William Blair initiated coverage on shares of Karman in a research report on Monday, March 10th. They set an “outperform” rating on the stock. Baird R W raised Karman to a “strong-buy” rating in a research note on Monday, March 10th. Finally, Robert W. Baird initiated coverage on shares of Karman in a research note on Monday, March 10th. They set an “outperform” rating and a $40.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $38.75.

Karman Stock Performance

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.