Alert: Positive Investment/Fundamental Signals (12/14/23)-Kennametal Inc. (NYSE: KMT)


Extremely important positive changes in investment behavior have recently occurred for Kennametal Inc. (NYSE: KMT): its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.

Kennametal Inc. (NYSE: KMT). Small positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

KMT is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Kennametal has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Kennametal has a neutral Power Rating of 47 and a slightly negative Appreciation Score of 38, with the Negative Value Trend Rating the result.

Recent Price Action

Kennametal Inc. (NYSE: KMT) stock closed at $26.87 on 12/14/23 after a very large increase of 6.8%. Moreover, exceptionally high trading volume at 239% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 9.9% during the last week.

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