Kennametal Inc. (KMT) Shares See 6.96% Rise Over Last Week

Kennametal Inc. [KMT] stock prices are up 3.22% to $25.35 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The KMT shares have gain 6.96% over the last week, with a monthly amount glided 2.97%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Kennametal Inc. [NYSE: KMT] stock has seen the most recent analyst activity on January 08, 2024, when Morgan Stanley initiated its Equal-Weight rating and assigned the stock a price target of $24. Previously, UBS downgraded its rating to Sell on July 08, 2022, and dropped its price target to $19. On April 06, 2022, downgrade downgraded it’s rating to Hold and revised its price target to $29 on the stock. JP Morgan downgraded its rating to a Underweight and decreased its price target to $31 on March 28, 2022. BofA Securities upgraded its rating to a Neutral but $45 remained the price target by the analyst firm on October 27, 2021. Loop Capital started tracking with a Buy rating for this stock on August 30, 2021, and assigned it a price target of $48. In a note dated February 08, 2021, UBS downgraded an Neutral rating on this stock.

The stock price of Kennametal Inc. [KMT] has been fluctuating between $22.08 and $30.60 over the past year. Currently, Wall Street analysts expect the stock to reach $27 within the next 12 months. Kennametal Inc. [NYSE: KMT] shares were valued at $25.35 at the most recent close of the market. An investor can expect a potential return of 6.51% based on the average KMT price forecast.

Analyzing the KMT fundamentals

The Kennametal Inc. [NYSE:KMT] reported sales of 2.05B for trailing twelve months, representing a drop of -3.78%. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.08 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.47.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 24.53 points at the first support level, and at 23.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.81, and for the 2nd resistance point, it is at 26.28.

Kennametal Inc. [KMT] reported earnings per share of $0.3 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.25/share, meaning a difference of $0.05 and a surprise factor of 20.00%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.41 per share as compared to estimates of $0.35 per share, a difference of $0.06 representing a surprise of 17.10%.

Ratios To Look Out For

It’s worth pointing out that Kennametal Inc. [NYSE:KMT]’s Current Ratio is 2.42. As well, the Quick Ratio is 1.09, while the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 0.98, the price to book ratio is 1.56 and price to earnings (TTM) ratio is 18.78.

Transactions by insiders

Recent insider trading involved Witt John Wayne, Vice President, that happened on Mar 07 ’24 when 1000.0 shares were sold. Vice President, Witt John Wayne completed a deal on Dec 04 ’23 to sell 450.0 shares. Meanwhile, Director Davis Cindy L sold 11431.0 shares on Sep 14 ’23.

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