Research firm Zacks has rated Kennametal Inc. (NYSE:KMT) and has ranked it at 4, indicating that for the short term the shares are a sell. 9 Wall Street analysts have given the company an average rating of 2.22. The shares have received a hold rating based on the suggestion from 5 analysts in latest recommendations. Strong buy was given by 3 Wall Street Analysts. The shares had a buy rating from 1 analysts.

 

Kennametal Inc. (NYSE:KMT) stock has received a short term price target of $ 35.71 from 7 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $6.95. The higher estimate of target price is $46 , while the lower price target estimate is $26

 

Many analysts have commented on the company rating. Major Brokerage house, Bank of America downgrades its ratings on Kennametal Inc. (NYSE:KMT). According to the information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on October 2, 2015.

 

Kennametal Inc. (NYSE:KMT) rose 1.7% or 0.44 points on Tuesday and made its way into the gainers of the day. After trading began at $25.75 the stock was seen hitting $26.635 as a peak level and $25.69 as the lowest level. The stock ended up at $26.39. The daily volume was measured at 460,841 shares. The 52-week high of the share price is $42.18 and the 52-week low is $23.77. The company has a market cap of $2,096 million.

 

The company shares have dropped -35.03% from its 1 Year high price. On Oct 29, 2014, the shares registered one year high at $42.18 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $27.23 and the 200 Day Moving Average price is recorded at $32.31.

 

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Kennametal Inc, Stranghoener Lawrence W had sold 6,160 shares worth of $228,536 in a transaction dated May 20, 2015. In this transaction, 6,160 shares were sold at $37.1 per share.

 

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.

 

 

 

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