BMO Capital Reaffirms Their Hold Rating on Kennametal

By Austin Angelo

In a report released yesterday, Joel Tiss from BMO Capital reiterated a Hold rating on Kennametal (NYSE: KMT), with a price target of $46. The company’s shares closed yesterday at $40.42.

According to, Tiss is a 4-star analyst with an average return of 12.0% and a 64.5% success rate. Tiss covers the Industrial Goods sector, focusing on stocks such as Carlisle Companies Inc, John Bean Technologies, and Wabash National Corp.

Currently, the analyst consensus on Kennametal is Moderate Buy and the average price target is $50.50, representing a 24.9% upside.

In a report issued on April 10, J.P. Morgan also maintained a Hold rating on the stock with a $45 price target.

Kennametal’s market cap is currently $3.29B and has a P/E ratio of 22.97. The company has a book value ratio of 2.9252.

Based on the recent corporate insider activity of 54 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.

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Kennametal, Inc. engages in the manufacture and development of standard and customized technologies for metalworking applications. It operates through the following segments: Industrial, Widia, and Infrastructure.