Kennametal (NYSE:KMT) : 10 analysts are covering Kennametal (NYSE:KMT) and their average rating on the stock is 2.7, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Kennametal (NYSE:KMT) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Kennametal (NYSE:KMT) : The highest level Kennametal (NYSE:KMT) is projected to reach is $30 for the short term and the lowest estimate is at $16. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $25 and the possibility the share price can swing is $5.18.
Company shares have received an average consensus rating of Hold for the current week Also, Stifel Nicolaus downgrades their rating on the shares of Kennametal (NYSE:KMT). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 4, 2016.
Kennametal (NYSE:KMT): stock turned positive on Tuesday. Though the stock opened at $21.57, the bulls momentum made the stock top out at $21.98 level for the day. The stock recorded a low of $20.98 and closed the trading day at $21.25, in the green by 0.33%. The total traded volume for the day was 1,674,037. The stock had closed at $21.18 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Kennametal Inc, Harvey William J., had purchased 517 shares in a transaction dated on June 10, 2016. The transaction was executed at $24.1 per share with total amount equaling $12,460.
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.