Zacks Rating on Kennametal Inc.

Kennametal Inc. (NYSE:KMT) has received a strong sell rating for the short term, according to the latest rank of 5 from research firm, Zacks. The company received an average rating of 2.33 from 9 analysts. As per the latest data, 1 analysts has given a sell rating on the shares of the company. 3 have rated it as a strong buy. 1 analysts recommended buying the shares. 4 analysts have rated the company at hold.

Kennametal Inc. (NYSE:KMT): 7 analysts have set the short term price target of Kennametal Inc. (NYSE:KMT) at $37.43. The standard deviation of short term price target has been estimated at $5.74, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 46 and $27 respectively.

Many analysts have commented on the company rating. Brokerage firm Bank of America downgrades its rating on Kennametal Inc. (NYSE:KMT). As per the latest information, the brokerage house lowers the price target to $27 per share from a prior target of $34. The shares have been rated Underperform . Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on August 11, 2015.

Kennametal Inc. (NYSE:KMT) : On Tuesday heightened volatility was witnessed in Kennametal Inc. (NYSE:KMT) which led to swings in the share price. The shares opened for trading at $28.68 and hit $28.87 on the upside , eventually ending the session at $28.46, with a gain of 0.57% or 0.16 points. The heightened volatility saw the trading volume jump to 904,858 shares. The 52-week high of the share price is $44.58 and the company has a market cap of $2,260 million. The 52-week low of the share price is at $27.3 .

Currently the company Insiders own 0.4% of Kennametal Inc. Company shares. In the past six months, there is a change of -5.38% in the total insider ownership. Institutional Investors own 99.4% of Company shares. During last 3 month period, -2.01% of total institutional ownership has changed in the company shares. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The director, of Kennametal Inc, Stranghoener Lawrence W had unloaded 6,160 shares at $37.1 per share in a transaction on May 20, 2015. The total value of transaction was $228,536. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Kennametal Inc. has dropped 20.51% during the last 3-month period . Year-to-Date the stock performance stands at -19.63%.

Kennametal Inc. (Kennametal) is a supplier of tooling, engineered components and advanced materials consumed in production processes. It operates in two segments: Industrial and Infrastructure. The Companys product offering includes a wide selection of standard and customized technologies for metalworking, such as metal cutting tools, tooling systems and services, as well as advanced, materials, such as cemented tungsten carbide products, super alloys, coatings and investment castings to address customer demands. The Company specializes in developing and manufacturing metalworking tools and wear-resistant engineered components and coatings using specialized types of powder metallurgy. The Companys metalworking tools are made of cemented tungsten carbides, ceramics, cermets and super-hard materials. In November 2013, Allegheny Technologies Inc has completed the sale of its tungsten materials business to Kennametal Inc.

Tungsten Carbide Manufacturer & Supplier: Chinatungsten Online - http://www.tungsten-carbide.com.cn
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Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

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