Karman Holdings Inc.’s Quiet Period Will Expire Tomorrow (NYSE:KRMN)

Karman’s (NYSE:KRMN) quiet period is set to end on Tuesday, March 25th. Karman had issued 23,000,000 shares in its IPO on February 13th. The total size of the offering was $506,000,000 based on an initial share price of $22.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KRMN. Royal Bank of Canada started coverage on shares of Karman in a research note on Monday, March 10th. They issued an “outperform” rating and a $35.00 price objective for the company. Baird R W raised Karman to a “strong-buy” rating in a report on Monday, March 10th. Robert W. Baird began coverage on Karman in a research report on Monday, March 10th. They set an “outperform” rating and a $40.00 price target on the stock. Citigroup began coverage on shares of Karman in a research report on Monday, March 10th. They issued a “buy” rating and a $42.00 price objective for the company. Finally, William Blair started coverage on shares of Karman in a report on Monday, March 10th. They set an “outperform” rating on the stock. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $38.75.

Karman Price Performance

Shares of NYSE KRMN opened at $35.05 on Monday. Karman has a twelve month low of $27.13 and a twelve month high of $37.64.

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.