Kennametal Inc. (NYSE:KMT) went down by -0.96% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Tools & Accessories giant went up by $28.99 to trade ended Wednesday trading at $29.27. This is down from the $29.27 price recorded on Tuesday’s trading session. Thanks to this latest performance, KMT is closer to the higher price 52-week target of $38.00 and further from the lowest price target of $16.00. Its performance from the start of the year has also been negative, with KMT down by -21.42% year-to-date.
Kennametal Inc. (KMT) started the day trading at $29.39 and recorded an intraday high of $29.495. It also recorded an intraday low of $28.5 during Wednesday’s trading session. Kennametal Inc. is a very active stock that recorded a trading volume that is less than -122.55% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 494279, which is less than -122.55 of the total average daily trading volume of 1.10 million.
Kennametal Inc. (NYSE:KMT) 2020 Performance Impressive
The increase in KMT’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of KMT currently stands at $38.73, which is higher than the current trading price of the stock by 25.15%. However, KMT’s current trading price is -100.62% lower than the 52-week low price of $14.45. In terms of trading volume, Kennametal Inc. currently experienced healthy participation during the last trading session. 494279 shares of Kennametal Inc. were traded on the stock exchange on Wednesday, which is less than -122.55% of the 1.10 million average trading volume of the stock.
The performance of the stock has been positive over the past year. KMT’s performance over the past one year has seen it plunge by -12.44%, while the stock has gone down by -23.18% in the last six months. The quarterly performance of KMT currently stands at 56.20%, and it is up by 12.45% in the last month. The only negative figure was from the weekly performance, which currently reads -4.01%. At the time of writing KMT’s report, the company has a total market cap of $2.37B, making it one of the largest publicly-traded companies in the world.Kennametal Inc. also has over 10400 employees all over the world.
KMT Insider Activities
The insider transactions over the past six months are down by -1.70%.For Kennametal Inc. insiders bought 24,359 shares in 8 transactions. In that same period, insiders sold 37,114 of their shares in 14 transactions. After these transactions, insiders at Kennametal Inc. now hold 490.02k shares, which is over 105.76% of the total company stocks. Institutional investors currently hold a large chunk of the KMT shares, as they control 0.59% of the company’s total stock.
KMT Fundamental Analysis
For Kennametal Inc., the stock’s diluted earnings per share (EPS) stands at 0.78. In the coming year, analysts expect the EPS to be 1.29. The stock’s EPS growth this year is -19.40%, with analysts expecting almost a 1 growth in the earnings per share next week. In terms of revenue, Kennametal Inc.’s quarterly sales (YOY) is growing at 0.11, which is lower than the average annual revenue of 7.00% over the past half a decade.
The Return on Investment (ROI) on Kennametal Inc.’s stock currently stands at 13.30%, and it has a net profit margin of 3.10%. The operating margin of the company is 4.30%, and its gross margin is 30.90%.
KMT Analysts Prediction
The UBS has a Buy rating for Kennametal Inc., predicting the stock price to stay between $27 and $42. Goldman reiterate their Sell position on the stock ($43 and $30) and BofA/Merrill reiterate their Underperform position on the stock ($34 and $30).
Analysts at BofA/Merrill believe that KMT is Underperform, and they have a price target of between $40 and $35.
At the moment, Kennametal Inc.’s Total Debt to Equity ratio stands at 0.47, and they have a long-term Debt to Equity ratio of 0.47.
KMT Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of KMT currently stands at 2.26%, while the SMA50 is 14.70%. The biggest one is the SMA200, which is currently reading -1.45% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 57.00, while its price to earnings ratio (P/E) is 36.98.
