Many Kennametal Inc.(KMT) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Kennametal was Upgraded by JP Morgan to Neutral on Feb 3, 2017. Company shares were Upgraded by Seaport Global Securities on Feb 3, 2017 to Buy, Raises Price Target to $ 50 from a previous price target of $28 .Kennametal was Upgraded by BofA/Merrill to Neutral on Jan 13, 2017. Kennametal was Upgraded by KeyBanc Capital Mkts to Overweight on Jan 10, 2017. Kennametal was Downgraded by JP Morgan to Underweight on Dec 9, 2016.
Company has reported several Insider transactions to the SEC, on Nov 14, 2016, Judith L Bacchus (Vice President) sold 4,000 shares at 33.92 per share price.On Jun 14, 2016, William J. Harvey (director) purchased 517 shares at 24.10 per share price.On Feb 11, 2016, Ronald M Defeo (CEO) purchased 14,280 shares at 17.46 per share price.
Kennametal Last issued its quarterly earnings results on Feb 1, 2017. The company reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.21. The company had revenue of $487.60 million for the quarter, compared to analysts expectations of $487.58 million. The companys revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.14 EPS.
Kennametal Inc. (NYSE:KMT) has received a short term rating of strong buy from experts at Zacks with a rank of 1. The stock has been rated an average of 2.33 by 9 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.
Kennametal Inc. (NYSE:KMT): According to 8 Analysts, The short term target price has been estimated at $ 38.63.The target price could deviate by a maximum of $10.23 from the forecast price. In the near term, the target price could hit a high of $50 and a low of $ 16.
Kennametal Inc. (NYSE:KMT) witnessed a decline in the market cap on Tuesday as its shares dropped 0.51% or 0.2 points. After the session commenced at $38.59, the stock reached the higher end at $38.74 while it hit a low of $38.22. With the volume soaring to 1,027,548 shares, the last trade was called at $38.68. The company has a 52-week high of $38.94. The company has a market cap of $3,102 million and there are 80,193,977 shares in outstanding. The 52-week low of the share price is $17.73.
Kennametal Inc. is a leading global supplier of tooling, engineered components and advanced materials consumed in production processes. The company improves customers competitiveness by providing superior economic returns through the delivery of application knowledge and advanced technology to master the toughest of materials application demands. Companies producing everything from airframes to coal, from medical implants to oil wells and from turbochargers to motorcycle parts recognize Kennametal for extraordinary contributions to their value chains.