Kennametal Inc. (NYSE:KMT) registered a 1.46% increase, still its new closing price is 131.78% up from the company’s 1 year high of 36.78.It posted 2.26% gains in previous 5 sessions and is now the subject of 7 analysts who together assign a hold rating on stock. 2 of Wall Street analysts have an underperform rating; the 1 sells versus 1 buy or better ratings. The 14 stock analysts following this company have an average price target at $32.17, with individual PT in the $23.00-$40.00 range. The shares moved at $36.71, implying that brokerage firms see shares gaining about 116.70% in twelve months time.
Kennametal Inc. (KMT) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 17.43% rise year to date. A Vice President at Kennametal Inc. (KMT) offloaded shares in a transaction closed on Friday November 11, 2016. Bacchus Judith L sold 4,000 shares in the company at $33.92 each and collected $135,001 in proceeds. Bacchus Judith L now owns 6,183 shares in the company after this transaction. A Vice-President in the company, Bacchus Judith L, disclosed a transaction on Friday November 11, 2016 that ended up generating $135,001 from the sale of 4,000 shares at $33.92 per share.
Kennametal Inc. (NYSE:KMT) Upcoming Results on Tap
Kennametal Inc. will next provide financial results for the September 2017 quarter. Stock analysts expect it to report per-share earnings of $0.29 in that period. Sales during the quarter are predicted to arrive at $494.74 million.
Earnings surprise history: Last quarter, the company posted approximately $487.57 million in revenue and EPS of $0.24. The mean forecast was for $488.41 million and $0.21 a share, respectively. One quarter earlier, revenue for the stock was at $477.14 million, with earnings at $0.11/share.
Kennametal Inc. (KMT) Brokerage Update
Kennametal Inc. (KMT) is in BofA/Merrill’s research list so their analyst rating change is noteworthy. These shares were upgraded to Neutral from Underperform by BofA/Merrill, according to news reported on Friday January 13, 2017.Another important research note was issued by KeyBanc Capital Mkts on Tuesday January 10, 2017.The firm upgraded KMT to Overweight from Sector Weight. Over the last six months and over the last three months, the shares of Kennametal Inc. (KMT), have changed 42.38% and 33.10%, respectively.