Royal Bank Of Canada Issues Positive Forecast for Karman (NYSE:KRMN) Stock Price

Karman (NYSE:KRMN) had its price objective hoisted by Royal Bank Of Canada from $44.00 to $51.00 in a research report report published on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

KRMN has been the topic of a number of other reports. Baird R W raised Karman to a “strong-buy” rating in a report on Monday, March 10th. William Blair started coverage on Karman in a report on Monday, March 10th. They set an “outperform” rating on the stock. Evercore ISI started coverage on Karman in a report on Monday, March 10th. They issued an “outperform” rating and a $38.00 price objective on the stock. Robert W. Baird upped their price objective on Karman from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, May 14th. Finally, Citigroup reaffirmed a “buy” rating and issued a $58.00 price objective (up from $46.50) on shares of Karman in a report on Monday, June 9th. 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.com, the company has an average rating of “Buy” and a consensus price target of $49.25.

Karman Price Performance

KRMN stock opened at $45.02 on Thursday. The company has a current ratio of 3.34, a quick ratio of 3.23 and a debt-to-equity ratio of 1.15. Karman has a 1-year low of $25.02 and a 1-year high of $51.83. The business’s 50 day simple moving average is $43.45.

Karman (NYSE:KRMN) last posted its earnings results on Tuesday, May 13th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $100.12 million for the quarter, compared to analyst estimates of $95.40 million. Karman’s revenue was up 20.6% on a year-over-year basis.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. acquired a new position in Karman in the 1st quarter valued at $61,024,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Karman during the 1st quarter valued at $58,799,000. Invesco Ltd. bought a new stake in shares of Karman during the 1st quarter valued at $50,220,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of Karman during the 1st quarter valued at $48,691,000. Finally, Alliancebernstein L.P. bought a new stake in shares of Karman during the 1st quarter valued at $37,182,000.

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.