Skip to main content

Kennametal (KMT) Receives a Rating Update from a Top Analyst

Tipranks - Tue Feb 10, 2:58AM CST

In a report released today, Julian Mitchell from Barclays maintained a Hold rating on Kennametal, with a price target of $40.00.

Valentine's Day Sale - 70% Off

Mitchell covers the Industrials sector, focusing on stocks such as GE Vernova Inc., Eaton, and Emerson Electric Company. According to TipRanks, Mitchell has an average return of 17.4% and a 69.67% success rate on recommended stocks.

In addition to Barclays, Kennametal also received a Hold from UBS’s Steven Fisher in a report issued on February 5. However, on February 6, Goldman Sachs maintained a Sell rating on Kennametal (NYSE: KMT).

Based on Kennametal’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $529.5 million and a net profit of $33.89 million. In comparison, last year the company earned a revenue of $482.05 million and had a net profit of $17.93 million

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.