Share on StockTwits

Analysts at Credit Suisse lowered their price objective on shares of Kennametal (NYSE:KMT) from $49.00 to $46.00 in a research report issued to clients and investors on Friday. Credit Suisse’s price objective suggests a potential upside of 9.19% from the stock’s previous close.

A number of other firms have also recently commented on KMT. Analysts at BMO Capital Markets cut their price target on shares of Kennametal from $52.00 to $49.00 in a research note on Friday. Separately, analysts at Jefferies Group cut their price target on shares of Kennametal from $50.00 to $48.00 in a research note on Friday. They now have a “hold” rating on the stock. Finally, analysts at Zacks upgraded shares of Kennametal from an “underperform” rating to a “neutral” rating in a research note on Friday, May 16th. They now have a $49.00 price target on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Kennametal presently has an average rating of “Hold” and an average price target of $50.20.

Kennametal (NYSE:KMT) traded down 0.35% during mid-day trading on Friday, hitting $42.13. The stock had a trading volume of 1,034,059 shares. Kennametal has a 52 week low of $38.85 and a 52 week high of $52.37. The stock’s 50-day moving average is $45.68 and its 200-day moving average is $45.57. The company has a market cap of $3.310 billion and a price-to-earnings ratio of 19.38.

Kennametal (NYSE:KMT) last released its earnings data on Thursday, July 31st. The company reported $0.75 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.89 by $0.14. The company had revenue of $772.00 million for the quarter, compared to the consensus estimate of $785.40 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 15.1% on a year-over-year basis. On average, analysts predict that Kennametal will post $2.65 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, August 26th. Investors of record on Tuesday, August 12th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Friday, August 8th.

Kennametal Inc (NYSE:KMT) is a supplier of tooling, engineered components and advanced materials consumed in production processes.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.