Jefferies analyst Stephen Volkmann reiterated a Buy rating on Kennametal (NYSE: KMT) yesterday and set a price target of $50. The company’s shares closed yesterday at $37.10.
According to TipRanks.com, Volkmann is a 5-star analyst with an average return of 18.0% and a 68.8% success rate. Volkmann covers the Industrial Goods sector, focusing on stocks such as Illinois Tool Works, Caterpillar, and Paccar Inc.
Kennametal has an analyst consensus of Moderate Buy, with a price target consensus of $47.17.
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Kennametal’s market cap is currently $3.03B and has a P/E ratio of 19.63. The company has a Price to Book ratio of 2.55.
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
