BMO Capital analyst Joel Tiss reiterated a Hold rating on Kennametal (NYSE: KMT) on July 18 and set a price target of $42. The company’s shares closed yesterday at $37.98.
According to TipRanks.com, Tiss is a 4-star analyst with an average return of 9.9% and a 59.2% success rate. Tiss covers the Industrial Goods sector, focusing on stocks such as John Bean Technologies, Illinois Tool Works, and The Middleby Corp.
Kennametal has an analyst consensus of Moderate Buy, with a price target consensus of $47.17.
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Based on Kennametal’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $50.87 million. In comparison, last year the company had a net profit of $24.64 million.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is neutral on the stock. Last month, Lawrence Stranghoener, a Director at KMT sold 7,000 shares for a total of $271,084.
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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.
