In a report released yesterday, Julian Mitchell from Barclays maintained a Hold rating on Kennametal (NYSE: KMT), with a price target of $43. The company’s shares closed yesterday at $36.85.
According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 11.3% and a 67.2% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Emerson Electric Company, and United Technologies Corp.
Kennametal has an analyst consensus of Moderate Buy, with a price target consensus of $49.17.
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The company has a one-year high of $52.52 and a one-year low of $32.23. Currently, Kennametal has an average volume of 1.14M.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KMT in relation to earlier this year.
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Kennametal, Inc. engages in the manufacture and development of standard and customized technologies for metalworking applications. It operates through the following segments: Industrial, Widia, and Infrastructure.
