Shares of Kennametal Inc. (KMT) reached $22.25 on October 4, 2023, surpassing the average analyst 12-month target price of $21.94. This movement prompts potential reactions from analysts, including a downgrade on valuation or an upward adjustment of their target prices, with current forecasts within the Zacks coverage universe ranging from a low of $19.00 to a high of $25.00.
Currently, analysts maintain five “Hold” ratings, one “Sell,” and three “Strong Sell” ratings, with an average rating of 3.78 on a scale where 1 is “Strong Buy” and 5 is “Strong Sell.” The information presented reflects a consensus from multiple analysts, indicating a cautious approach towards Kennametal’s stock amidst recent price changes.
