Karman Holdings Inc. (NYSE:KRMN) Receives Consensus Rating of “Buy” from Analysts

Karman Holdings Inc. (NYSE:KRMN) has been given an average rating of “Buy” by the six ratings firms that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $47.50.

Several analysts have recently weighed in on KRMN shares. Royal Bank Of Canada raised their target price on Karman from $38.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, May 14th. Robert W. Baird raised their price objective on shares of Karman from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, May 14th. Citigroup reissued a “buy” rating and set a $58.00 price objective (up from $46.50) on shares of Karman in a report on Monday, June 9th. William Blair assumed coverage on shares of Karman in a report on Monday, March 10th. They set an “outperform” rating for the company. Finally, Evercore ISI assumed coverage on shares of Karman in a report on Monday, March 10th. They set an “outperform” rating and a $38.00 price objective for the company.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KRMN. Vanguard Group Inc. purchased a new position in Karman during the first quarter valued at approximately $61,024,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Karman in the first quarter worth $58,799,000. Invesco Ltd. acquired a new stake in shares of Karman in the first quarter worth $50,220,000. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Karman in the first quarter worth $48,691,000. Finally, Alliancebernstein L.P. acquired a new stake in shares of Karman in the first quarter worth $37,182,000.

Karman Stock Up 1.2%

Shares of NYSE KRMN opened at $48.84 on Thursday. Karman has a 12-month low of $25.02 and a 12-month high of $49.81. The company has a current ratio of 3.34, a quick ratio of 3.23 and a debt-to-equity ratio of 1.15. The firm has a 50-day simple moving average of $41.83.

Karman (NYSE:KRMN) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. The firm had revenue of $100.12 million for the quarter, compared to analysts’ expectations of $95.40 million. Karman’s revenue for the quarter was up 20.6% compared to the same quarter last year.

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.