Zacks Investment Research Downgrades Kaman Corporation (KAMN) to Sell

Kaman Corporation (NYSE:KAMN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

According to Zacks, “Kaman Corporation is in the following business segments: Aerospace, Industrial Distribution, and Music Distribution. The Aerospace segment serves commercial, U.S. defense and foreign government markets. The Industrial Distribution segment serves nearly every sector of U.S. industry with industrial replacement parts as well as support services. The Music Distribution segment serves domestic and foreign markets with a wide variety of music instruments and accessories and manufactures guitars and other music products for professional and amateur musicians. “

A number of other equities research analysts have also recently weighed in on the stock. Northcoast Research began coverage on shares of Kaman Corporation in a research report on Tuesday, July 25th. They issued a “buy” rating and a $60.00 price target for the company. BidaskClub upgraded shares of Kaman Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Kaman Corporation presently has a consensus rating of “Hold” and an average price target of $54.75.

Shares of Kaman Corporation (NYSE:KAMN) opened at 50.15 on Tuesday. The firm’s 50-day moving average price is $49.68 and its 200-day moving average price is $49.19. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 26.99 and a beta of 0.70. Kaman Corporation has a 12-month low of $40.85 and a 12-month high of $53.41.

Kaman Corporation (NYSE:KAMN) last issued its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.48 EPS for the quarter, missing the…

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