Beyond The Numbers: 4 Analysts Discuss Kennametal Stock
Portfolio Pulse from Benzinga Insights
Four analysts have recently updated their ratings on Kennametal (NYSE:KMT), with two maintaining an indifferent stance, one somewhat bearish, and one bearish. The average 12-month price target for KMT is now $24.75, down from the previous $28.00. Analysts from Morgan Stanley, Barclays, Goldman Sachs, and JP Morgan have adjusted their price targets and ratings, reflecting a cautious to negative outlook on the company's performance. Kennametal's financial indicators show a negative revenue trend, below-average net margin, ROE, and ROA, but a conservative debt management approach.

January 08, 2024 | 8:00 pm
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NEGATIVE IMPACT
Kennametal has received mixed to negative ratings from analysts, with a lowered average price target of $24.75. Financial challenges are indicated by negative revenue trends and below-average profitability metrics.
The lowered price targets and the negative outlook from analysts suggest a bearish sentiment towards KMT's stock in the short term. The financial indicators such as negative revenue growth and below-average profitability metrics further support the likelihood of a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100