Kennametal (KMT) : 2 brokerage houses believe that Kennametal (KMT) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Kennametal (KMT). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 8 Wall Street Analysts endorse the stock as a Hold with a rating of 2.88.
Kennametal (KMT) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $31 and the lowest price target forecast is $16. The average forecast of all the analysts is $25.2 and the expected standard deviation is $6.46.
Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Seaport Global downgrades its outlook on Kennametal (NYSE:KMT). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Accumulate. The rating by the firm was issued on August 18, 2016.
Kennametal (NYSE:KMT): stock was range-bound between the intraday low of $27.93 and the intraday high of $28.27 after having opened at $28.1 on Wednesdays session. The stock finally closed in the red at $28.1, a loss of -0.43%. The stock remained in the red for the whole trading day. The total traded volume was 1,081,765 shares. The stock failed to cross $28.27 in Wednesdays trading. The stocks closing price on Thursday was $28.19.
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.