At the time of writing, Kennametal Inc [KMT] stock is trading at $25.32, up 0.32%. 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 0.44% over the last week, with a monthly amount drifted -0.78%, and not 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 October 18, 2024, when BofA Securities downgraded its rating to a Underperform but kept the price target unchanged to $26 for it. Previously, Morgan Stanley started tracking the stock with Equal-Weight rating on January 08, 2024, and set its price target to $24. On July 08, 2022, downgrade downgraded it’s rating to Sell and revised its price target to $19 on the stock. Loop Capital downgraded its rating to a Hold and decreased its price target to $29 on April 06, 2022. JP Morgan downgraded its rating to a Underweight and reduced its price target to $31 on March 28, 2022. BofA Securities upgraded its rating to Neutral for this stock on October 27, 2021, but kept the price target unchanged to $45. In a note dated August 30, 2021, Loop Capital initiated an Buy rating and provided a target price of $48 on this stock.
For the past year, the stock price of Kennametal Inc fluctuated between $22.08 and $27.04. Currently, Wall Street analysts expect the stock to reach $26.5 within the next 12 months. Kennametal Inc [NYSE: KMT] shares were valued at $25.32 at the most recent close of the market. An investor can expect a potential return of 4.66% based on the average KMT price forecast.
Analyzing the KMT fundamentals
According to Kennametal Inc [NYSE:KMT], the company’s sales were 2.05B for trailing twelve months, which represents an -1.26% plunge. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.09%, 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 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.49.
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 25.06 points at the first support level, and at 24.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.47, and for the 2nd resistance point, it is at 25.63.
Ratios To Look Out For
It is important to note that Kennametal Inc [NYSE:KMT] has a current ratio of 2.41. As well, the Quick Ratio is 1.17, while the Cash Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 0.96, the price to book ratio is 1.58 and price to earnings (TTM) ratio is 18.52.
Transactions by insiders
Recent insider trading involved Witt John Wayne, Vice President, that happened on Jun 13 ’24 when 579.0 shares were sold. President and CEO, Chowbey Sanjay completed a deal on Jun 10 ’24 to buy 5000.0 shares. Meanwhile, Vice President Keating Michelle R sold 12000.0 shares on May 09 ’24.
