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Kennametal Inc. (NYSE:KMT) target price raised to $31.00, reported today by Barrington Research

Stating a possible upside of 0.22%, Barrington Research upped the target stock price of Kennametal Inc. (NYSE:KMT) to $31.

Previously on Monday May 9 2016, Barrington Research released a statement about Kennametal Inc.(NYSE:KMT) raised the target price from $25.00 to $28.00. At the time, this suggested an upside of 0.22%.

Only yesterday Kennametal Inc. (NYSE:KMT) traded 1.45% lower at $25.35. Kennametal Inc.’s 50-day moving average is $27.53 and its two hundred day average is $24.24. With the last stock price close up 12.15% from the 200-day moving average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same period. Volume of trade was was down over the average, with 945,204 shares of KMT changing hands under the typical 1,223,850 shares..

Recent Performance Graphic:

Kennametal Inc. (NYSE:KMT)

Kennametal Inc. has a 52 week low of $15.11 and a 52 week high of $29.45. The company’s market capitalization is currently $0.0.

In addition to Barrington Research reporting it’s stock price target, a total of 11 analysts have released a ratings update on the stock. The consensus target is $23.82 with three analysts rating the company a strong buy, one firm rating the stock a buy, nine firms rating the stock a hold, two analysts rating the stock to underperform, and finally 0 firmsrating the stock as sell.

More About Kennametal Inc. (NYSE:KMT)

Kennametal Inc. is a supplier of tooling, engineered components and materials consumed in production processes. The Company operates through two segments: Industrial and Infrastructure. The Industrial segment generally serves customers that operate in industrial end markets, such as transportation, general engineering, aerospace and defense. The Infrastructure segment generally serves customers that operate in the earthworks and energy sectors supporting primary industries, such as oil and gas, power generation, underground, surface and hard-rock mining, highway construction and road maintenance. It provides wear-resistant products, application engineering and services backed by material science serving customers across various sectors. The Company’s product offerings include a selection of standard and customized technologies for metalworking, such as metal cutting tools, tooling systems and services, as well as materials, and such as cemented tungsten carbide products and super alloys.

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