Karman (NYSE:KRMN) Shares Up 3.6% – What’s Next?

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

Analyst Upgrades and Downgrades

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

Karman Trading Down 0.1 %

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.