Robert W. Baird Boosts Karman (NYSE:KRMN) Price Target to $50.00

Karman (NYSE:KRMN) had its price target upped by investment analysts at Robert W. Baird from $40.00 to $50.00 in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 12.18% from the stock’s current price.

A number of other analysts have also recently commented on the company. Royal Bank of Canada boosted their price objective on Karman from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, April 3rd. Baird R W upgraded Karman to a “strong-buy” rating in a research report on Monday, March 10th. William Blair initiated coverage on Karman in a research report on Monday, March 10th. They issued an “outperform” rating for the company. Evercore ISI initiated coverage on Karman in a research report on Monday, March 10th. They issued an “outperform” rating and a $38.00 price objective for the company. Finally, Citigroup initiated coverage on Karman in a research report on Monday, March 10th. They issued a “buy” rating and a $42.00 price objective for the company. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Karman currently has a consensus rating of “Buy” and an average target price of $43.50.

Karman Price Performance

Shares of NYSE:KRMN opened at $44.57 on Wednesday. Karman has a 12-month low of $25.02 and a 12-month high of $45.70. The firm has a 50 day moving average of $34.62.

Karman (NYSE:KRMN) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $100.12 million during the quarter, compared to analyst estimates of $95.40 million.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KRMN. SBI Securities Co. Ltd. acquired a new position in Karman in the 1st quarter valued at $107,000. US Bancorp DE acquired a new position in Karman in the 1st quarter valued at $124,000. Hollencrest Capital Management acquired a new position in Karman in the 1st quarter valued at $155,000. Caitong International Asset Management Co. Ltd acquired a new position in Karman in the 1st quarter valued at $170,000. Finally, Phoenix Financial Ltd. acquired a new position in Karman in the 1st quarter valued at $435,000.

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.