Analyst Price Target Update on Kennametal (NYSE:KMT)

Kennametal (NYSE:KMT) stock has received a short term price target of $ 25 from 6 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $5.18. The higher estimate of target price is $30 , while the lower price target estimate is $16

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Stifel Nicolaus, downgrades their rating on the shares of Kennametal (NYSE:KMT). Stifel Nicolaus has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 4, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, 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 4,020 shares in a transaction dated on March 15, 2016. The transaction was executed at $21.57 per share with total amount equaling $86,711.

Kennametal (NYSE:KMT) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.33 points or 1.37% at $23.78 with 974,307 shares getting traded. Post opening the session at $24, the shares hit an intraday low of $23.7 and an intraday high of $24.25 and the price was in this range throughout the day. The company has a market cap of $1,895 million and the number of outstanding shares have been calculated to be 79,689,781 shares. The 52-week high of Kennametal (NYSE:KMT) is $35.95 and the 52-week low is $15.11.

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.

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