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Barclays Stick to Their Hold Rating for Kennametal Inc.

Nov 03, 2021 09:26PM ET
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Barclays (LON:BARC) analyst Julian Mitchell maintained a Hold rating on Kennametal (NYSE:KMT) Inc. on Tuesday, setting a price target of $38, which is approximately 4.69% below the present share price of $39.87.

Mitchell expects Kennametal Inc. to post earnings per share (EPS) of $0.42 for the fourth quarter of 2021.

The current consensus among 7 TipRanks analysts is for a Hold rating of shares in Kennametal, with an average price target of $42.14.
The analysts price targets range from a high of $48 to a low of $38.

In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $515.97 million and a net profit of $63.71 million. The company's market cap is $3.34 billion.

According to TipRanks.com, Barclays analyst Julian Mitchell is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 16.7% and a 70.60% success rate.

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.

Barclays Stick to Their Hold Rating for Kennametal Inc.
 

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