In a report released today, Ryan Meyers from Lake Street maintained a Buy rating on Karat Packaging Inc (KRT – Research Report), with a price target of $26.00. The company’s shares closed yesterday at $21.97.
According to TipRanks, Meyers is ranked #7755 out of 8511 analysts.
Currently, the analyst consensus on Karat Packaging Inc is a Strong Buy with an average price target of $27.33, which is a 24.40% upside from current levels. In a report released on September 6, Stifel Nicolaus also maintained a Buy rating on the stock with a $30.00 price target.
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The company has a one-year high of $26.69 and a one-year low of $11.97. Currently, Karat Packaging Inc has an average volume of 67.64K.
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KRT in relation to earlier this year. Last month, Guo Jian, the CFO of KRT bought 3,000.00 shares for a total of $49,590.00.
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Karat Packaging Inc is engaged in the manufacturing and distribution of disposable products used in restaurants and food service settings. It offers products for the foodservice industry, including food packaging, containers, tableware, cups, lids, cutlery, and straws. These products are available in plastic, paper, biopolymer-based and other compostable forms.
Read More on KRT:
- Karat Packaging Expands National Salesforce, Focusing on Greater Penetration in East Coast and Mid-West Regions
- Karat Packaging Inc. Announces Pricing of Secondary Offering of Common Stock
- Karat Packaging 1M share Spot Secondary priced at $21.00
- Karat Packaging Inc. Announces Proposed Secondary Offering of Common Stock
- Karat Packaging announces common stock offering for holders, no amount given
