Based on ratings from 13 stock analysts, the Kennametal Inc stock price is expected to decrease by 5.11% in 12 months. This is calculated by using the average 12-month stock price forecast for Kennametal Inc. The lowest target is $21 and the highest is $40. Please note analyst price targets are not guaranteed and could be missed completely.
Kennametal Inc has a total of 13 Wall St Analyst ratings. There are 6 buy ratings, 6 ratings, and 1 sell ratings. Since most analysts have a buy consensus rating, the expectation is that Kennametal Inc will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of KMT.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Ross Gilardi B of A Securities | Underperform | $26 | Downgrade | Oct 18, 2024 |
Chris Dankert Loop Capital | Hold | $24 | Maintains | Aug 22, 2024 |
Julian Mitchell Barclays | Equal-Weight | $25 | Maintains | Aug 9, 2024 |
Barclays | Equal-Weight | Maintains | Jul 11, 2024 | |
Julian Mitchell Barclays | Equal-Weight | $24 | Maintains | Jul 10, 2024 |
Chris Dankert Loop Capital | Hold | $22 | Maintains | Jun 21, 2024 |
Chris Dankert Loop Capital | Hold | $24 | Maintains | May 23, 2024 |
Julian Mitchell Barclays | Equal-Weight | $25 | Maintains | May 9, 2024 |
Julian Mitchell Barclays | Equal-Weight | $24 | Maintains | Apr 2, 2024 |
Julian Mitchell Barclays | Equal-Weight | $25 | Maintains | Feb 8, 2024 |
Tami Zakaria JP Morgan | Underweight | $24 | Maintains | Feb 8, 2024 |
Angel Castillo Morgan Stanley | Equal-Weight | $24 | Initiates | Jan 8, 2024 |
Julian Mitchell Barclays | Equal-Weight | $26 | Maintains | Nov 2, 2023 |
Joe Ritchie Goldman Sachs | Sell | $23 | Maintains | Nov 2, 2023 |
Tami Zakaria JP Morgan | Underweight | $26 | Maintains | Oct 16, 2023 |
Julian Mitchell Barclays | Equal-Weight | $28 | Maintains | Jul 10, 2023 |
John Joyner BMO Capital | Market Perform | $27.5 | Maintains | May 15, 2023 |
Dillon Cumming Morgan Stanley | Equal-Weight | $28 | Maintains | May 3, 2023 |
Chris Dankert Loop Capital | Hold | $28 | Maintains | Feb 9, 2023 |
Tami Zakaria JP Morgan | Underweight | $26 | Maintains | Feb 8, 2023 |
When did it IPO
1987
Staff Count
8,400
Country
United States
Sector/Industry
Industrials/Tools & Accessories
CEO
Mr. Sanjay K. Chowbey
Market Cap
$2.28B
In 2023, KMT generated $2.08B in revenue, which was a increase of 3.27% from the previous year. This can be seen as a signal that KMT's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Kennametal Inc. (NYSE: KMT) will attend the UBS Global Industrials and Transportation Conference on December 3, 2024, with CFO Patrick Watson and VP of Investor Relations Michael Pici.
Why It Matters - Kennametal's attendance at a major industry conference signals potential strategic insights and updates, which could influence investor sentiment and stock performance.
Summary - Kennametal Inc. will hold its Q1 2025 Earnings Conference Call on November 6, 2024, at 9:30 AM ET, featuring key executives and financial analysts from major firms.
Why It Matters - The earnings call provides insights into Kennametalโs financial performance, strategic direction, and market outlook, influencing investor sentiment and stock valuation.
Summary - Kennametal Inc. reported Q1 fiscal 2025 results with $482M in sales, EPS of $0.28, and strong cash flow of $46M. The company returned $31M to shareholders through buybacks and dividends.
Why It Matters - Strong operational cash flow and positive free cash flow indicate improved financial health for Kennametal Inc., while shareholder returns signal confidence in future performance, despite lower sales and EPS.
Summary - Kennametal (KMT) reported Q3 earnings of $0.29 per share, surpassing the Zacks estimate of $0.25, but down from $0.41 per share in the same quarter last year.
Why It Matters - Kennametal's earnings beat expectations, signaling stronger-than-anticipated performance, though the year-over-year decline may raise concerns about future growth prospects.
Summary - Kennametal (KMT) released its quarterly performance metrics for September 2024, which can be compared to Wall Street estimates and year-ago figures for investor analysis.
Why It Matters - Comparing Kennametal's performance to Wall Street estimates and prior year metrics helps assess growth, profitability, and market positioning, influencing investment decisions.
Summary - KMT reported a 2% decline in fiscal Q1 2025 revenues, attributed to weak performance in the Metal Cutting segment.
Why It Matters - KMT's 2% revenue decline signals weakness in the Metal Cutting segment, potentially affecting overall profitability and investor confidence in future performance.