Press coverage about Kennametal (NYSE:KMT) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kennametal earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 47.0900118883317 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
Several research firms have commented on KMT. KeyCorp restated a “buy” rating and set a $56.00 price objective on shares of Kennametal in a report on Wednesday, January 10th. Jefferies Group restated a “buy” rating and set a $60.00 price objective on shares of Kennametal in a report on Thursday, January 18th. ValuEngine upgraded Kennametal from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded Kennametal from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Finally, Bank of America lifted their price target on Kennametal from $51.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Kennametal currently has an average rating of “Hold” and an average target price of $49.95.
Shares of NYSE:KMT opened at $39.21 on Monday. Kennametal has a 12-month low of $32.23 and a 12-month high of $52.52. The firm has a market capitalization of $3,198.48, a PE ratio of 25.80, a P/E/G ratio of 3.06 and a beta of 2.03. The company has a current ratio of 2.77, a quick ratio of 1.52 and a debt-to-equity ratio of 0.60.
Kennametal (NYSE:KMT) last announced its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). Kennametal had a net margin of 6.54% and a return on equity of 17.09%. The company had revenue of $571.00 million during the quarter, compared to analysts’ expectations of $541.78 million. During the same quarter in the prior year, the business posted $0.24 earnings per share. The company’s revenue was up 17.0% compared to the same quarter last year. equities research analysts forecast that Kennametal will post 2.57 EPS for the current year.
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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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