Headlines about Kennametal (NYSE:KMT) have been trending somewhat positive on Thursday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kennametal earned a media sentiment score of 0.01 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 45.722262555561 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern’s analysis:
- Kennametal Names Business Segment Leaders (mdm.com)
- Kennametal Names New Business Segment Leaders (finance.yahoo.com)
- Kennametal Inc. (KMT) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Avery Dennison (AVY) Grows on Acquisitions as Costs Flare Up – Nasdaq (nasdaq.com)
- Kennametal Inc. (KMT) Expected to Announce Quarterly Sales of $534.92 Million (americanbankingnews.com)
KMT has been the subject of a number of research reports. TheStreet raised Kennametal from a “c+” rating to a “b” rating in a research note on Thursday, November 2nd. Jefferies Group increased their target price on Kennametal from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. KeyCorp reissued a “buy” rating and set a $56.00 target price on shares of Kennametal in a research note on Wednesday, January 10th. Zacks Investment Research raised Kennametal from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Wednesday, October 4th. Finally, ValuEngine cut Kennametal from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $48.45.
Kennametal (NYSE KMT) opened at $50.26 on Thursday. The firm has a market cap of $4,110.00, a P/E ratio of 37.23, a PEG ratio of 2.45 and a beta of 1.98. Kennametal has a 52 week low of $32.23 and a 52 week high of $52.52. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.41 and a current ratio of 2.71.
Kennametal (NYSE:KMT) last issued its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.17. The company had revenue of $542.45 million during the quarter, compared to analysts’ expectations of $516.80 million. Kennametal had a net margin of 5.18% and a return on equity of 15.71%. The business’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period last year, the business earned $0.11 EPS. equities research analysts predict that Kennametal will post 2.54 earnings per share for the current fiscal year.
In other news, VP Robert J. Clemens sold 10,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $46.82, for a total value of $468,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven H. Wunning sold 4,445 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $46.63, for a total value of $207,270.35. Following the completion of the sale, the director now directly owns 29,693 shares of the company’s stock, valued at approximately $1,384,584.59. The disclosure for this sale can be found here. Insiders have sold a total of 59,570 shares of company stock valued at $2,816,345 over the last ninety days. Company insiders own 2.00% of the company’s stock.
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Kennametal Company Profile
Kennametal Inc is a supplier of tooling, engineered components and materials consumed in production processes. The Company operates through two segments: Industrial and Infrastructure. The Industrial segment generally serves customers that operate in industrial end markets, such as transportation, general engineering, aerospace and defense.
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