Kennametal (NYSE:KMT) Price Target Raised to $37.00 at JPMorgan Chase & Co.

by · The Cerbat Gem

Kennametal (NYSE:KMT – Get Free Report) had its price target hoisted by research analysts at JPMorgan Chase & Co. from $25.00 to $37.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “underweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 9.79% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. Morgan Stanley raised their target price on Kennametal from $27.00 to $29.00 and gave the company an “equal weight” rating in a research report on Monday. UBS Group lifted their price target on shares of Kennametal from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday. Zacks Research upgraded shares of Kennametal from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. Barclays lifted their target price on shares of Kennametal from $25.00 to $28.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 7th. Finally, Wall Street Zen raised shares of Kennametal from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 29th. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Kennametal has an average rating of “Hold” and a consensus price target of $30.00.

Read Our Latest Research Report on KMT

Kennametal Stock Performance

KMT traded up $0.42 during midday trading on Wednesday, hitting $33.70. 971,833 shares of the company were exchanged, compared to its average volume of 1,055,402. The company’s 50 day simple moving average is $28.22 and its 200 day simple moving average is $24.42. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 3.98 and a beta of 1.48. Kennametal has a 1-year low of $17.30 and a 1-year high of $34.14. The company has a current ratio of 2.60, a quick ratio of 1.18 and a debt-to-equity ratio of 0.45.

Kennametal (NYSE:KMT – Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.10. The business had revenue of $497.97 million during the quarter, compared to analysts’ expectations of $477.68 million. Kennametal had a return on equity of 8.35% and a net margin of 4.76%.The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 EPS. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. As a group, sell-side analysts predict that Kennametal will post 1.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KMT. Ameritas Advisory Services LLC acquired a new position in shares of Kennametal in the 2nd quarter valued at $27,000. Hantz Financial Services Inc. boosted its stake in Kennametal by 350.2% during the third quarter. Hantz Financial Services Inc. now owns 1,373 shares of the industrial products company’s stock worth $29,000 after buying an additional 1,068 shares during the period. Headlands Technologies LLC boosted its stake in Kennametal by 80.7% during the second quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock worth $35,000 after buying an additional 682 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of Kennametal by 116.2% during the second quarter. Nomura Asset Management Co. Ltd. now owns 1,600 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 860 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Kennametal by 142.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 1,228 shares during the period.

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Kennametal Company Profile

(Get Free Report)

Kennametal Inc is a global industrial technology company that designs and manufactures advanced materials, tooling systems, and engineered components for a range of demanding applications. Its solutions support precision metalworking, earthmoving, and wear-resistant environments, catering to customers seeking enhanced productivity, longer tool life, and reduced operating costs.

The company’s product portfolio spans indexable cutting tools, solid round tools, tool holders, metalworking fluid systems, wear parts, ceramics and composites, and custom-engineered components.

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