Recent Performance of Kennametal Inc. (KMT) Stock: A Closer Look

A share price of Kennametal Inc. [KMT] is currently trading at $26.27, down -0.45%. 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 0.04% over the last week, with a monthly amount glided 7.89%, 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.

Kennametal Inc. experienced fluctuations in its stock price throughout the past year between $22.08 and $30.60. Currently, Wall Street analysts expect the stock to reach $27 within the next 12 months. Kennametal Inc. [NYSE: KMT] shares were valued at $26.27 at the most recent close of the market. An investor can expect a potential return of 2.78% based on the average KMT price forecast.

Analyzing the KMT fundamentals

Trailing Twelve Months sales for Kennametal Inc. [NYSE:KMT] were 2.05B which represents -3.78% decline. 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 0.09 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.49.

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 26.15 points at the first support level, and at 26.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.44, and for the 2nd resistance point, it is at 26.61.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Kennametal Inc. [NYSE:KMT] 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 1.01, the price to book ratio is 1.63 and price to earnings (TTM) ratio is 19.49.

Transactions by insiders

Recent insider trading involved Chowbey Sanjay, Vice President, that happened on May 10 ’24 when 10000.0 shares were purchased. Vice President, Keating Michelle R completed a deal on May 09 ’24 to sell 12000.0 shares. Meanwhile, Vice President Witt John Wayne sold 1000.0 shares on Mar 07 ’24.

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