Somewhat Favorable News Coverage Somewhat Unlikely to Impact Kennametal (KMT) Stock Price
Press coverage about Kennametal (NYSE:KMT) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kennametal earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.5719316551948 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- 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)
- Here’s Why You Should Add Kennametal (KMT) to Your Portfolio – Nasdaq (nasdaq.com)
- Here's Why You Should Add Kennametal (KMT) to Your Portfolio (finance.yahoo.com)
- Free Research Reports on These Industrial Goods Stocks — Timken, Stanley Black & Decker, Kennametal, and Interface (it.tmcnet.com)
Several equities analysts have commented on the stock. KeyCorp reiterated a “buy” rating and set a $56.00 price objective on shares of Kennametal in a research report on Wednesday. BMO Capital Markets restated a “hold” rating and issued a $45.00 target price on shares of Kennametal in a report on Friday, October 20th. Jefferies Group restated a “buy” rating and issued a $50.00 target price on shares of Kennametal in a report on Thursday, September 21st. Credit Suisse Group raised their target price on shares of Kennametal from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Finally, ValuEngine lowered shares of Kennametal from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. Kennametal currently has an average rating of “Hold” and an average price target of $47.32.
Kennametal (NYSE:KMT) last released its earnings results on Wednesday, November 1st. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.17. The firm had revenue of $542.45 million during the quarter, compared to analyst estimates of $516.80 million. Kennametal had a net margin of 5.18% and a return on equity of 15.71%. The business’s revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the business earned $0.11 EPS. equities analysts forecast that Kennametal will post 2.54 EPS for the current year.
In related news, VP Robert J. Clemens sold 10,000 shares of Kennametal stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $46.82, for a total transaction of $468,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven H. Wunning sold 4,445 shares of Kennametal stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $46.63, for a total transaction of $207,270.35. Following the sale, the director now 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 in the last quarter. 2.00% of the stock is currently owned by company insiders.
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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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