Kennametal (KMT) Receives a Hold from Barclays


Barclays analyst Julian Mitchell maintained a Hold rating on Kennametal (NYSE: KMT) yesterday and set a price target of $44. The company’s shares closed yesterday at $41.03.

According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 11.4% and a 72.8% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Honeywell International, Rockwell Automation Inc, and Roper Technologies.

The word on The Street in general, suggests a Hold analyst consensus rating for Kennametal with a $44 average price target.

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Kennametal’s market cap is currently $3.35B and has a P/E ratio of 16.95. The company has a Price to Book ratio of 2.82.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is neutral on the stock.

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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.

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