Kennametal Inc. (KMT) Receives Consensus Recommendation of “Hold” from Analysts
Kennametal Inc. (NYSE:KMT) has been given an average recommendation of “Hold” by the fourteen analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $51.17.
A number of research analysts have issued reports on KMT shares. Credit Suisse Group boosted their price target on Kennametal from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Jefferies Group boosted their price target on Kennametal from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, November 3rd. ValuEngine downgraded Kennametal from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BMO Capital Markets boosted their price target on Kennametal from $45.00 to $52.00 and gave the company a “market perform” rating in a report on Wednesday, December 13th. Finally, KeyCorp reissued a “buy” rating and issued a $56.00 price target on shares of Kennametal in a report on Wednesday, January 10th.
In related news, VP Judith L. Bacchus sold 18,125 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $47.00, for a total value of $851,875.00. Following the completion of the transaction, the vice president now directly owns 38,528 shares of the company’s stock, valued at approximately $1,810,816. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Timothy R. Mclevish sold 7,000 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $47.00, for a total value of $329,000.00. Following the completion of the transaction, the director now directly owns 78,904 shares of the company’s stock, valued at $3,708,488. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,125 shares of company stock valued at $2,140,875. Corporate insiders own 2.00% of the company’s stock.
Shares of Kennametal (KMT) traded up $0.27 during trading hours on Friday, reaching $41.03. The company’s stock had a trading volume of 1,093,931 shares, compared to its average volume of 1,366,332. Kennametal has a one year low of $32.23 and a one year high of $52.52. The firm has a market capitalization of $3,324.93, a P/E ratio of 23.31, a PEG ratio of 1.91 and a beta of 2.01. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.77 and a quick ratio of 1.52.
Kennametal (NYSE:KMT) last announced its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). Kennametal had a net margin of 6.54% and a return on equity of 17.09%. The company had revenue of $571.00 million during the quarter, compared to analyst estimates of $541.78 million. During the same period in the previous year, the firm posted $0.24 earnings per share. The company’s revenue was up 17.0% compared to the same quarter last year. equities research analysts anticipate that Kennametal will post 2.57 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Tuesday, February 13th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Monday, February 12th. Kennametal’s payout ratio is 45.45%.
COPYRIGHT VIOLATION WARNING: “Kennametal Inc. (KMT) Receives Consensus Recommendation of “Hold” from Analysts” was first posted by Daily Political and is the property of of Daily Political. If you are accessing this story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this story can be read at https://www.dailypolitical.com/2018/03/03/kennametal-inc-kmt-receives-consensus-recommendation-of-hold-from-analysts.html.
Kennametal Inc is a supplier of tooling, engineered components and materials consumed in production processes. The Company operates through two segments: Industrial and Infrastructure. The Industrial segment generally serves customers that operate in industrial end markets, such as transportation, general engineering, aerospace and defense.
Receive News & Ratings for Kennametal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kennametal and related companies with MarketBeat.com's FREE daily email newsletter.