Kennametal (KMT) : Analyst Rating Update

Kennametal (KMT) has an average broker rating of 2.7, which is interpreted as a Hold, as rated by 10 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Kennametal (KMT) : The highest short term price target forecast on Kennametal (KMT) is $30 and the lowest target price is $16. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $25 with a standard deviation of $5.18.

Kennametal (NYSE:KMT): The stock opened at $21.54 on Wednesday but the bulls could not build on the opening and the stock topped out at $21.54 for the day. The stock traded down to $20.55 during the day, due to lack of any buying support eventually closed down at $21.23 with a loss of -2.66% for the day. The stock had closed at $21.81 on the previous day. The total traded volume was 2,306,491 shares.

Also, Stifel Nicolaus downgrades its rating on Kennametal (NYSE:KMT). Analysts at the Stifel Nicolaus have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 4, 2016. The company shares have dropped -32.87% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $34.27 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $23.77 and the 200 Day Moving Average price is recorded at $21.42.

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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