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Stock analysts at BMO Capital Markets decreased their target price on shares of Kennametal (NYSE:KMT) from $52.00 to $49.00 in a report issued on Friday. BMO Capital Markets’ target price would suggest a potential upside of 16.31% from the stock’s previous close.

A number of other firms have also recently commented on KMT. 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. 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 assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $50.20.

Shares of 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 one year low of $38.85 and a one year high of $52.37. The stock has a 50-day moving average of $45.68 and a 200-day moving average of $45.57. The company has a market cap of $3.310 billion and a P/E ratio of 19.38.

Kennametal (NYSE:KMT) last released its earnings data on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.76 earnings per share. Kennametal’s revenue was up 15.1% compared to the same quarter last year. Analysts expect that Kennametal will post $2.65 EPS for the current fiscal year.

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

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

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