In a report released yesterday, Stanley Elliott from Stifel Nicolaus reiterated a Hold rating on Kennametal (KMT), with a price target of $42. The company’s shares closed yesterday at $34.55, close to its 52-week low of $32.91.
According to TipRanks.com, Elliott is a 5-star analyst with an average return of 9.4% and a 62.5% success rate. Elliott covers the Industrial Goods sector, focusing on stocks such as Astec Industries, Generac Holdings, and Oshkosh Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kennametal with a $47 average price target, representing a 36.0% upside. In a report issued on December 17, Barclays also maintained a Hold rating on the stock with a $41 price target.
.
See today’s analyst top recommended stocks >>
Kennametal’s market cap is currently $2.84B and has a P/E ratio of 13.18. The company has a Price to Book ratio of 2.31.
Based on the recent corporate insider activity of 50 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.
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 of tungsten carbide metal cutting tooling. It operates through the following segments: Industrial, Widia, and Infrastructure.
