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J.P. Morgan Sticks to Their Hold Rating for Kennametal (KMT)

In a report issued on February 9, Tami Zakaria from J.P. Morgan maintained a Hold rating on Kennametal (KMTResearch Report), with a price target of $37.00. The company’s shares closed last Thursday at $33.09, close to its 52-week low of $31.62.

According to TipRanks.com, Zakaria is ranked #670 out of 7790 analysts.

Currently, the analyst consensus on Kennametal is a Hold with an average price target of $41.25, representing a 25.6% upside. In a report issued on February 8, Bank of America Securities also maintained a Hold rating on the stock with a $41.00 price target.

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The company has a one-year high of $43.04 and a one-year low of $31.62. Currently, Kennametal has an average volume of 475.7K.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KMT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on KMT:

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