Karman (NYSE:KRMN) Shares Down 9.1% – Here’s Why

by · The Cerbat Gem

Karman Holdings Inc. (NYSE:KRMN – Get Free Report) shares traded down 9.1% on Monday . The company traded as low as $31.70 and last traded at $31.70. 224,760 shares traded hands during trading, a decline of 78% from the average session volume of 1,016,740 shares. The stock had previously closed at $34.89.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Baird R W raised shares of Karman to a “strong-buy” rating in a research report on Monday, March 10th. Evercore ISI began coverage on Karman in a research report on Monday, March 10th. They issued an “outperform” rating and a $38.00 target price for the company. Robert W. Baird started coverage on shares of Karman in a report on Monday, March 10th. They issued an “outperform” rating and a $40.00 price objective for the company. William Blair initiated coverage on shares of Karman in a report on Monday, March 10th. They set an “outperform” rating on the stock. Finally, Royal Bank of Canada upped their price objective on Karman from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, April 3rd. Five 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.com, the company currently has an average rating of “Buy” and an average price target of $39.50.

Check Out Our Latest Stock Analysis on Karman

Karman Stock Performance

The business’s 50 day moving average is $32.28.

Karman Company Profile

(Get Free Report)

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.

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