In a report released yesterday, Stanley Elliott from Stifel Nicolaus reiterated a Hold rating on Kennametal (NYSE: KMT), with a price target of $47. The company’s shares closed yesterday at $40.26.
According to TipRanks.com, Elliott is a 5-star analyst with an average return of 15.3% and a 67.5% success rate. Elliott covers the Industrial Goods sector, focusing on stocks such as Astec Industries, Generac Holdings, and CNH Industrial.
The word on The Street in general, suggests a Hold analyst consensus rating for Kennametal with a $45 average price target, which is an 11.8% upside from current levels. In a report issued on August 7, Barclays also maintained a Hold rating on the stock with a $44 price target.
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The company has a one-year high of $52.52 and a one-year low of $32.93. Currently, Kennametal has an average volume of 928.2K.
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.
