Brokerages Set Karman Holdings Inc. (NYSE:KRMN) Target Price at $71.50

Karman Holdings Inc. (NYSE:KRMN) has received an average rating of “Buy” from the nine research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $71.50.

Several brokerages recently commented on KRMN. Royal Bank Of Canada increased their price objective on shares of Karman from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Raymond James Financial began coverage on shares of Karman in a research report on Friday, September 5th. They issued a “strong-buy” rating and a $100.00 price objective for the company. Truist Financial started coverage on shares of Karman in a research report on Friday, October 10th. They issued a “buy” rating and a $89.00 price objective for the company. Evercore ISI increased their price target on shares of Karman from $58.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Karman in a report on Wednesday, October 8th.

Hedge Funds Weigh In On Karman

Several hedge funds and other institutional investors have recently bought and sold shares of KRMN. Bank of New York Mellon Corp acquired a new position in Karman in the 1st quarter worth approximately $22,515,000. Caas Capital Management LP acquired a new position in Karman in the 1st quarter worth approximately $3,192,000. Stephens Investment Management Group LLC acquired a new position in Karman in the 1st quarter worth approximately $8,740,000. SBI Securities Co. Ltd. acquired a new position in Karman in the 1st quarter worth approximately $107,000. Finally, TimesSquare Capital Management LLC acquired a new position in Karman in the 1st quarter worth approximately $14,891,000.

Karman Price Performance

Shares of Karman stock opened at $84.27 on Wednesday. The company has a quick ratio of 2.58, a current ratio of 2.75 and a debt-to-equity ratio of 1.30. The company has a 50 day moving average price of $66.14 and a 200 day moving average price of $51.61. Karman has a 52 week low of $25.02 and a 52 week high of $85.02.

Karman (NYSE:KRMN) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The company had revenue of $115.10 million for the quarter. Karman’s revenue was up 35.3% compared to the same quarter last year. Karman has set its FY 2025 guidance at EPS.

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.