Kennametal (NYSE:KMT) Price Target Raised to $28.00 at Barclays

by · The Cerbat Gem

Kennametal (NYSE:KMT – Get Free Report) had its price objective upped by stock analysts at Barclays from $25.00 to $28.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s target price indicates a potential downside of 4.53% from the company’s previous close.

Several other analysts have also weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Kennametal in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Kennametal from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 29th. JPMorgan Chase & Co. raised their target price on shares of Kennametal from $22.00 to $25.00 and gave the stock an “underweight” rating in a report on Friday, November 7th. Zacks Research raised Kennametal from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. Finally, UBS Group increased their price target on Kennametal from $21.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $25.20.

Read Our Latest Analysis on Kennametal

Kennametal Stock Down 0.6%

NYSE KMT traded down $0.18 on Wednesday, hitting $29.33. 349,337 shares of the stock traded hands, compared to its average volume of 767,303. The company has a current ratio of 2.60, a quick ratio of 1.18 and a debt-to-equity ratio of 0.45. The stock has a 50-day moving average of $27.37 and a 200 day moving average of $24.14. Kennametal has a twelve month low of $17.30 and a twelve month high of $30.03. The company has a market capitalization of $2.23 billion, a P/E ratio of 24.04, a price-to-earnings-growth ratio of 3.91 and a beta of 1.48.

Kennametal (NYSE:KMT – Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.10. The business had revenue of $497.97 million during the quarter, compared to the consensus estimate of $477.68 million. Kennametal had a return on equity of 8.35% and a net margin of 4.76%.The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.29 EPS. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. As a group, analysts expect that Kennametal will post 1.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kennametal

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hudson Bay Capital Management LP bought a new position in Kennametal in the 3rd quarter valued at about $304,000. CANADA LIFE ASSURANCE Co lifted its holdings in Kennametal by 3.0% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 70,115 shares of the industrial products company’s stock valued at $1,458,000 after acquiring an additional 2,019 shares during the last quarter. Verition Fund Management LLC boosted its position in shares of Kennametal by 139.0% during the 3rd quarter. Verition Fund Management LLC now owns 117,852 shares of the industrial products company’s stock valued at $2,467,000 after purchasing an additional 68,551 shares in the last quarter. Jain Global LLC acquired a new position in shares of Kennametal in the 3rd quarter worth approximately $660,000. Finally, Bank of America Corp DE raised its holdings in shares of Kennametal by 92.3% in the 3rd quarter. Bank of America Corp DE now owns 493,283 shares of the industrial products company’s stock worth $10,324,000 after purchasing an additional 236,736 shares in the last quarter.

Kennametal Company Profile

(Get Free Report)

Kennametal Inc is a global industrial technology company that designs and manufactures advanced materials, tooling systems, and engineered components for a range of demanding applications. Its solutions support precision metalworking, earthmoving, and wear-resistant environments, catering to customers seeking enhanced productivity, longer tool life, and reduced operating costs.

The company’s product portfolio spans indexable cutting tools, solid round tools, tool holders, metalworking fluid systems, wear parts, ceramics and composites, and custom-engineered components.

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