Kennametal (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 2.7 by 10 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 6 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Stifel Nicolaus downgrades the rating on Kennametal (NYSE:KMT). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 4, 2016.
Kennametal (NYSE:KMT): 6 analysts have set the short term price target of Kennametal (NYSE:KMT) at $25. The standard deviation of short term price target has been estimated at $5.18, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 30 and $16 respectively.
Kennametal (NYSE:KMT) witnessed a decline in the market cap on Tuesday as its shares dropped 3.48% or 0.87 points. After the session commenced at $24.84, the stock reached the higher end at $24.875 while it hit a low of $24.11. With the volume soaring to 1,170,210 shares, the last trade was called at $24.11. The company has a 52-week high of $35.5. The company has a market cap of $1,921 million and there are 79,689,781 shares in outstanding. The 52-week low of the share price is $15.11.
Shares of Kennametal Inc. rose by 1.64% in the last five trading days and 3.43% for the last 4 weeks. Kennametal Inc. is up 8.09% in the last 3-month period. Year-to-Date the stock performance stands at 28.13%.
Kennametal Inc. (Kennametal) is a supplier of tooling, engineered components and advanced materials consumed in production processes. The Company manages and reports its business in two segments: Industrial and Infrastructure. The Company provides wear-resistant products, application engineering and services backed by material science, serving customers across diverse sectors of industrial production, transportation, earthworks, energy, infrastructure and aerospace. The Company markets its products under the brands, Kennametal and WIDIA. The Companys product offering includes a selection of standard and customized technologies for metalworking, such as metal cutting tools, tooling systems and services, as well as materials, such as cemented tungsten carbide products, super alloys, coatings and investment castings to address customer demands. It offers these products through a range of channels to meet customer-specified needs.