Kennametal Inc. Sets New 1-Year High at $46.00 (KMT)
Kennametal (NYSE:KMT) set a new 52-week high during mid-day trading on Tuesday, ARN reports. The stock traded as high as $46.00 and last traded at $45.78, with a volume of 273,107 shares. The stock had previously closed at $44.91.
A number of research firms have recently commented on KMT. Analysts at Zacks reiterated a “neutral” rating on shares of Kennametal (NYSE:KMT) in a research note to investors on Tuesday, August 6th. They now have a $47.00 price target on the stock. Separately, analysts at Global Hunter Securities raised their price target on shares of Kennametal (NYSE:KMT) from $33.00 to $37.00 in a research note to investors on Friday, July 26th. They now have a “neutral” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Kennametal (NYSE:KMT) from $41.00 to $45.00 in a research note to investors on Friday, July 26th.
Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $45.33.
Kennametal has a 52 week low of $33.95 and a 52 week high of $46.00. The stock’s 50-day moving average is $43.79 and its 200-day moving average is $41.00. The company has a market cap of $3.569 billion and a P/E ratio of 17.82.
Kennametal (NYSE:KMT) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The company had revenue of $671.41 million for the quarter, compared to the consensus estimate of $678.92 million. During the same quarter last year, the company posted $1.08 earnings per share. Kennametal’s revenue was down 9.2% compared to the same quarter last year. Analysts expect that Kennametal will post $3.00 EPS for the current fiscal year.
Kennametal Inc (NYSE:KMT), is a supplier of tooling, engineered components and advanced materials consumed in production processes.
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