Karman (NYSE:KRMN) Sets New 52-Week High – Still a Buy?

Karman Holdings Inc. (NYSE:KRMN) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $37.70 and last traded at $37.59, with a volume of 664905 shares changing hands. The stock had previously closed at $34.94.

Analysts Set New Price Targets

Several brokerages have recently commented on KRMN. William Blair started coverage on Karman in a report on Monday, March 10th. They set an “outperform” rating for the company. Robert W. Baird assumed coverage on shares of Karman in a research note on Monday, March 10th. They issued an “outperform” rating and a $40.00 price target for the company. Baird R W raised shares of Karman to a “strong-buy” rating in a report on Monday, March 10th. Royal Bank of Canada started coverage on Karman in a research note on Monday, March 10th. They issued an “outperform” rating and a $35.00 target price for the company. Finally, Evercore ISI assumed coverage on shares of Karman in a research report on Monday, March 10th. They set an “outperform” rating and a $38.00 price target on the stock. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Karman has an average rating of “Buy” and an average price target of $38.75.

Karman Trading Down 2.7 %

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.