Barclays analyst Julian Mitchell maintained a Hold rating on Kennametal (KMT – Research Report) today and set a price target of $28.00. The company’s shares closed last Friday at $27.85.
Mitchell covers the Industrials sector, focusing on stocks such as Carrier Global, 3M, and Eaton. According to TipRanks, Mitchell has an average return of 14.3% and a 67.48% success rate on recommended stocks.
Kennametal has an analyst consensus of Moderate Sell, with a price target consensus of $28.00.
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The company has a one-year high of $30.16 and a one-year low of $19.75. Currently, Kennametal has an average volume of 772.2K.
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Kennametal, Inc. engages in the development and application of tungsten carbides, ceramics, super-hard materials, and solutions used in metal cutting and extreme wear applications. It operates through the following segments: Industrial, Widia, and Infrastructure. The Industrial segment develops and manufactures tooling and metalworking products and services. The Widia segment offers standard and custom metal cutting solutions to general engineering, aerospace, energy, and transportation customers. The Infrastructure segment produces engineered tungsten carbide and ceramic components, earth-cutting tools, and metallurgical powders. The company was founded by Philip M. McKenna in 1938 and is headquartered in Pittsburgh, PA.
