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

Karman (NYSE:KRMN) had its price target decreased by Royal Bank Of Canada from $100.00 to $85.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 71.51% from the company’s current price.

Several other research analysts have also issued reports on the company. Weiss Ratings lowered Karman from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 29th. Truist Financial upgraded Karman to a “strong-buy” rating in a report on Friday, May 1st. Citigroup cut their target price on Karman from $97.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. KeyCorp reduced their target price on Karman from $122.00 to $100.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Finally, Piper Sandler decreased their target price on Karman from $127.00 to $114.00 and set an “overweight” rating for the company in a research report on Tuesday, May 19th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $102.00.

Karman Trading Down 0.3%

KRMN stock traded down $0.16 during midday trading on Friday, reaching $49.56. The company’s stock had a trading volume of 652,632 shares, compared to its average volume of 2,663,585. Karman has a 52 week low of $43.68 and a 52 week high of $118.38. The stock has a market cap of $6.57 billion, a PE ratio of 215.21 and a beta of 0.51. The company has a quick ratio of 3.38, a current ratio of 3.53 and a debt-to-equity ratio of 2.08. The business’s 50-day simple moving average is $52.60 and its 200-day simple moving average is $76.84.

Karman (NYSE:KRMN) last released its earnings results on Tuesday, May 12th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $151.21 million during the quarter, compared to analyst estimates of $150.19 million. Karman had a net margin of 5.73% and a return on equity of 14.94%. The business’s quarterly revenue was up 51.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.05 EPS. As a group, sell-side analysts expect that Karman will post 0.58 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Karman by 151.1% in the 4th quarter. Vanguard Group Inc. now owns 9,342,230 shares of the company’s stock valued at $683,571,000 after buying an additional 5,621,556 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Karman by 27.3% during the 4th quarter. Invesco Ltd. now owns 4,088,649 shares of the company’s stock worth $299,166,000 after buying an additional 877,462 shares during the last quarter. State Street Corp boosted its stake in shares of Karman by 35.0% during the 4th quarter. State Street Corp now owns 3,326,430 shares of the company’s stock worth $243,395,000 after buying an additional 862,089 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Karman by 3.3% in the 1st quarter. First Trust Advisors LP now owns 2,891,687 shares of the company’s stock valued at $231,480,000 after acquiring an additional 93,565 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Karman by 125.3% in the 4th quarter. Van ECK Associates Corp now owns 2,867,379 shares of the company’s stock valued at $209,806,000 after acquiring an additional 1,594,518 shares in the last quarter.

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. We estimate that no single program accounted for more than 10% of sales for the nine months ended September 30, 2024 or the twelve months ended December 31, 2023, with revenue from over 100 active programs supporting current production and next-generation space, missile, hypersonic, and defense applications.