Kennametal (KMT) “Buy” Rating Kept at Jefferies; The Target Given is $60.0; Inseego (INSG) Shorts Increased By 1.09%

January 18, 2018 - By Richard Conner

Among 15 analysts covering Kennametal Inc. (NYSE:KMT), 8 have Buy rating, 1 Sell and 6 Hold. Therefore 53% are positive. Kennametal Inc. has $56.0 highest and $19 lowest target. $39.73’s average target is -20.51% below currents $49.98 stock price. Kennametal Inc. had 42 analyst reports since August 3, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Kennametal Inc. (NYSE:KMT) rating on Thursday, October 5. Stifel Nicolaus has “Hold” rating and $44.0 target. The stock has “Hold” rating by BMO Capital Markets on Friday, April 21. The firm earned “Hold” rating on Wednesday, May 4 by Stifel Nicolaus. The firm has “Overweight” rating given on Tuesday, January 10 by KeyBanc Capital Markets. The rating was downgraded by UBS on Wednesday, October 28 to “Sell”. KeyBanc Capital Markets maintained Kennametal Inc. (NYSE:KMT) on Friday, September 15 with “Buy” rating. The stock of Kennametal Inc. (NYSE:KMT) earned “Buy” rating by KeyBanc Capital Markets on Monday, January 8. Jefferies maintained Kennametal Inc. (NYSE:KMT) rating on Tuesday, May 30. Jefferies has “Buy” rating and $5000 target. The stock has “Buy” rating by Jefferies on Thursday, July 13. The firm earned “Buy” rating on Friday, February 3 by Seaport Global Securities.

Inseego Corporation (NASDAQ:INSG) had an increase of 1.09% in short interest. INSG’s SI was 5.93M shares in January as released by FINRA. Its up 1.09% from 5.87 million shares previously. With 397,800 avg volume, 15 days are for Inseego Corporation (NASDAQ:INSG)’s short sellers to cover INSG’s short positions. The SI to Inseego Corporation’s float is 10.86%. It closed at $1.67 lastly. It is down 1.72% since January 18, 2017 and is downtrending. It has underperformed by 18.42% the S&P500.

Since August 30, 2017, it had 0 buys, and 2 selling transactions for $980,093 activity. MCLEVISH TIMOTHY R had sold 20,000 shares worth $960,000 on Wednesday, December 13. 570 shares were sold by Keating Michelle R, worth $20,093.

Investors sentiment decreased to 1.09 in 2017 Q3. Its down 0.12, from 1.21 in 2017Q2. It fall, as 31 investors sold Kennametal Inc. shares while 75 reduced holdings. 40 funds opened positions while 76 raised stakes. 77.53 million shares or 1.84% more from 76.13 million shares in 2017Q2 were reported. Ledyard Comml Bank holds 0.01% or 1,655 shares in its portfolio. Panagora Asset Incorporated accumulated 7,309 shares. 273,816 were reported by Parametric Assoc Ltd Liability Co. Huntington Financial Bank owns 1,280 shares for 0% of their portfolio. Janney Montgomery Scott Limited Co holds 0.01% in Kennametal Inc. (NYSE:KMT) or 18,761 shares. United Automobile Association holds 0.02% or 148,729 shares in its portfolio. Metropolitan Life reported 127,092 shares. State Board Of Administration Of Florida Retirement Sys holds 0.01% or 57,710 shares. Columbus Circle holds 0.4% or 582,804 shares in its portfolio. Virginia Retirement Sys Et Al holds 0.03% or 63,600 shares. Art Ltd Co reported 0.05% in Kennametal Inc. (NYSE:KMT). Wells Fargo And Mn has 94,619 shares. The New York-based Mutual Of America Capital Mgmt Limited Com has invested 0.04% in Kennametal Inc. (NYSE:KMT). 42,700 were accumulated by Skylands Ltd Limited Liability Company. Nj State Employees Deferred Compensation Plan accumulated 20,000 shares.

The stock decreased 0.56% or $0.28 during the last trading session, reaching $49.98. About 1.02 million shares traded or 18.78% up from the average. Kennametal Inc. (NYSE:KMT) has risen 68.13% since January 18, 2017 and is uptrending. It has outperformed by 51.43% the S&P500.

Analysts await Kennametal Inc. (NYSE:KMT) to report earnings on February, 7. They expect $0.52 EPS, up 116.67% or $0.28 from last year’s $0.24 per share. KMT’s profit will be $42.15 million for 24.03 P/E if the $0.52 EPS becomes a reality. After $0.55 actual EPS reported by Kennametal Inc. for the previous quarter, Wall Street now forecasts -5.45% negative EPS growth.

Kennametal Inc. develops and applies tungsten carbides, ceramics, super-hard materials, and solutions for use in metal cutting and mission-critical wear applications to combat extreme conditions related with wear fatigue, corrosion, and high temperatures worldwide. The company has market cap of $4.05 billion. It operates through three divisions: Industrial, Widia, and Infrastructure. It has a 36.94 P/E ratio. The companyÂ’s product offering includes a selection of standard and customized technologies for metalworking applications, such as turning, milling, hole making, tooling systems, and services for manufacturers of transportation vehicles and components, machine tools, and light and heavy machinery; airframe and aerospace components; and energy-related components for the gas and oil industry, as well as power generation.

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