Short Term Rating on Kennametal (KMT)

Kennametal (KMT) : The consensus on Kennametal (KMT) based on 9 analyst recommendation on the company stock is 2.78, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Kennametal (KMT).

Kennametal (KMT) : 6 Wall Street analysts covering Kennametal (KMT) believe that the average level the stock could reach for the short term is $23.67. The maximum price target given is $30 and the minimum target for short term is around $16, hence the standard deviation is calculated at $5.85.

Company shares have received an average consensus rating of Hold for the current week


Kennametal (NYSE:KMT): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.45 and $22.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.86, notching a gain of 3.21% for the day. The total traded volume was 1,160,051 . The stock had closed at $22.15 on the previous day.

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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