Kennametal (KMT) Stock Forecast, Price Target & Predictions

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KMT Stock Forecast

Kennametal stock forecast is as follows: an average price target of $24.00 (represents a -2.36% downside from KMT’s last price of $24.58) and a rating consensus of 'Hold', based on 7 wall street analysts offering a 1-year stock forecast.

KMT Price Target

The average price target for Kennametal (KMT) is $24.00 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $26.00 to $22.00. This represents a potential -2.36% downside from KMT's last price of $24.58.

KMT Analyst Ratings

Hold

According to 7 Wall Street analysts, Kennametal's rating consensus is 'Hold'. The analyst rating breakdown for KMT stock is 0 'Strong Buy' (0.00%), 1 'Buy' (14.29%), 5 'Hold' (71.43%), 1 'Sell' (14.29%), and 0 'Strong Sell' (0.00%).

Kennametal Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 18, 2024	Mike Feniger	Bank of America Securities	$26.00	$26.15	-0.57%	5.78%
Jul 10, 2024	Julian Mitchell	Barclays	$24.00	$22.54	6.48%	-2.36%
Jun 21, 2024	Chris Dankert	Loop Capital Markets	$22.00	$23.54	-6.52%	-10.50%
May 23, 2024	Chris Dankert	Loop Capital Markets	$24.00	$25.57	-6.14%	-2.36%
Feb 08, 2023		J.P. Morgan	$26.00	$29.08	-10.59%	5.78%
Feb 08, 2023		Barclays	$27.00	$29.08	-7.15%	9.85%
Dec 15, 2022		Goldman Sachs	$26.00	$24.44	6.38%	5.78%
Dec 14, 2022		Morgan Stanley	$26.00	$25.92	0.31%	5.78%
Oct 03, 2022		Barclays	$24.00	$20.91	14.81%	-2.36%
Jul 20, 2022		Loop Capital Markets	$22.00	$24.59	-10.53%	-10.50%
Jul 18, 2022		Morgan Stanley	$27.00	$23.81	13.40%	9.85%
Jul 15, 2022		Jefferies	$35.00	$22.74	53.91%	42.39%
Jul 12, 2022		J.P. Morgan	$22.00	$23.52	-6.46%	-10.50%
Jul 08, 2022		Barclays	$26.00	$23.14	12.34%	5.78%
Jun 23, 2022		Goldman Sachs	$23.00	$22.93	0.31%	-6.43%
Jun 17, 2022		UBS	$27.00	$23.79	13.49%	9.85%
May 06, 2022		Morgan Stanley	$33.00	$25.94	27.22%	34.26%
May 04, 2022		Barclays	$28.00	$26.55	5.46%	13.91%

The latest Kennametal stock forecast, released on Oct 18, 2024 by Mike Feniger from Bank of America Securities, set a price target of $26.00, which represents a -0.57% decrease from the stock price at the time of the forecast ($26.15), and a 5.78% increase from KMT last price ($24.58).

Kennametal Price Target by Period

	1M	3M	12M
# Anlaysts	-	1	4
Avg Price Target	-	$26.00	$24.00
Last Closing Price	$24.58	$24.58	$24.58
Upside/Downside	-100.00%	5.78%	-2.36%

In the current month, the average price target of Kennametal stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Kennametal's last price of $24.58. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 22, 2024	Barclays	Equal-Weight	Equal-Weight	Hold
Oct 22, 2024	Loop Capital Markets	Hold	Hold	Hold
Oct 18, 2024	Bank of America Securities		Underperform	Downgrade
Aug 22, 2024	Loop Capital Markets	Hold	Hold	Hold
Aug 09, 2024	Barclays	Equal-Weight	Equal-Weight	Hold
Jul 10, 2024	Barclays	Equal-Weight	Equal-Weight	Hold
Jun 21, 2024	Loop Capital Markets	Hold	Hold	Hold
May 23, 2024	Loop Capital Markets	Hold	Hold	Hold
May 09, 2024	Barclays	Equal-Weight	Equal-Weight	Hold
Apr 12, 2024	Barclays	Equal-Weight	Equal-Weight	Hold
Oct 13, 2023	Wedbush	Neutral	Neutral	Hold
Sep 14, 2023	Barclays	Equal-Weight	Equal-Weight	Hold
Apr 13, 2023	Barclays	Equal-Weight	Equal-Weight	Hold
Feb 09, 2023	Loop Capital Markets	Hold	Hold	Hold
Feb 08, 2023	Barclays	Equal-Weight	Equal-Weight	Hold
Dec 15, 2022	Goldman Sachs	Sell	Sell	Hold
Dec 14, 2022	Morgan Stanley	Equal-Weight	Equal-Weight	Hold
Oct 03, 2022	Barclays	Equal-Weight	Equal-Weight	Hold
Jul 20, 2022	Loop Capital Markets	Hold	Hold	Hold
Jul 18, 2022	Morgan Stanley	Equal-Weight	Equal-Weight	Hold
Jul 15, 2022	Jefferies	Buy	Buy	Hold
Jul 08, 2022	Barclays	Equal-Weight	Equal-Weight	Hold
Jun 23, 2022	Goldman Sachs	Sell	Sell	Hold
Jun 17, 2022	UBS	Neutral	Neutral	Hold

Kennametal's last stock rating was published by Barclays on Oct 22, 2024. The company gave KMT a "Equal-Weight" rating, the same as its previous rate.

Kennametal Financial Forecast

Kennametal Revenue Forecast

	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$495.32M	$492.48M	$550.23M	$536.04M	$497.12M	$494.79M	$530.02M	$512.26M	$486.67M	$483.51M	$515.97M	$484.66M	$440.51M	$400.31M	$379.05M	$483.08M
Avg Forecast	$592.90M	$558.50M	$519.10M	$506.20M	$570.53M	$537.21M	$502.05M	$497.58M	$547.15M	$517.56M	$488.33M	$485.26M	$532.74M	$518.50M	$496.74M	$503.60M	$567.84M	$530.39M	$491.88M	$488.01M	$516.19M	$509.08M	$495.97M	$487.32M	$514.21M	$473.63M	$423.03M	$386.35M	$397.54M	$509.01M
High Forecast	$603.68M	$568.65M	$528.54M	$515.40M	$580.91M	$546.98M	$511.18M	$506.63M	$557.10M	$529.47M	$490.80M	$485.32M	$532.75M	$518.50M	$502.73M	$515.55M	$578.17M	$540.03M	$500.82M	$488.01M	$516.19M	$509.08M	$495.97M	$487.32M	$514.21M	$473.63M	$423.03M	$386.35M	$397.54M	$509.01M
Low Forecast	$581.46M	$547.72M	$509.08M	$496.43M	$559.52M	$526.84M	$492.36M	$487.98M	$536.59M	$506.04M	$484.73M	$485.19M	$532.73M	$518.50M	$485.01M	$493.03M	$556.89M	$520.15M	$482.39M	$488.01M	$516.19M	$509.08M	$495.97M	$487.32M	$514.21M	$473.63M	$423.03M	$386.35M	$397.54M	$509.01M
# Analysts	4	4	4	4	4	4	3	3	3	5	5	4	2	2	4	8	5	4	4	3	4	3	5	4	5	4	5	16	8	11
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.00%	0.98%	0.97%	1.01%	1.01%	1.01%	1.03%	1.01%	0.98%	0.99%	1.00%	1.02%	1.04%	1.04%	0.95%	0.95%

Kennametal's average Quarter revenue forecast for Mar 24 based on 2 analysts is $518.50M, with a low forecast of $518.50M, and a high forecast of $518.50M. KMT's average Quarter revenue forecast represents a 4.68% increase compared to the company's last Quarter revenue of $495.32M (Dec 23).

Kennametal EBITDA Forecast

	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20
# Analysts	4	4	4	4	4	4	3	3	3	5	5	4	2	2	4	8	5	4	4	3	4	3	5	4	5	4	5	16	8	11
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$62.98M	$51.16M	$63.97M	$53.66M	$36.55M	$50.68M	$70.36M	$62.07M	$81.70M	$88.89M	$90.92M	$72.41M	$53.30M	$16.92M	$50.88M	$69.69M
Avg Forecast	$94.31M	$88.84M	$82.57M	$80.52M	$90.75M	$85.45M	$79.86M	$79.15M	$87.03M	$82.33M	$77.68M	$77.19M	$84.74M	$98.00M	$79.01M	$80.11M	$90.33M	$89.09M	$101.11M	$52.78M	$55.83M	$80.99M	$53.65M	$52.71M	$55.62M	$31.86M	$45.76M	$41.79M	$43.00M	$35.77M
High Forecast	$96.03M	$90.45M	$84.07M	$81.98M	$92.40M	$87.01M	$81.31M	$80.59M	$88.62M	$84.22M	$78.07M	$77.20M	$84.74M	$117.60M	$79.97M	$82.01M	$91.97M	$106.91M	$121.33M	$52.78M	$55.83M	$97.19M	$53.65M	$52.71M	$55.62M	$38.23M	$45.76M	$41.79M	$43.00M	$42.93M
Low Forecast	$92.49M	$87.12M	$80.98M	$78.97M	$89.00M	$83.80M	$78.32M	$77.62M	$85.35M	$80.49M	$77.10M	$77.18M	$84.74M	$78.40M	$77.15M	$78.43M	$88.58M	$71.27M	$80.89M	$52.78M	$55.83M	$64.79M	$53.65M	$52.71M	$55.62M	$25.49M	$45.76M	$41.79M	$43.00M	$28.62M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.80%	0.64%	0.71%	0.60%	0.36%	0.96%	1.26%	0.77%	1.52%	1.69%	1.63%	2.27%	1.16%	0.40%	1.18%	1.95%

2 analysts predict KMT's average Quarter EBITDA for Mar 24 to be $98.00M, with a high of $117.60M and a low of $78.40M. This is 55.60% upper than Kennametal's previous annual EBITDA (Dec 23) of $62.98M.

Kennametal Net Income Forecast

	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20
# Analysts	4	4	4	4	4	4	3	3	3	5	5	4	2	2	4	8	5	4	4	3	4	3	5	4	5	4	5	16	8	11
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$23.11M	$30.06M	$36.43M	$31.94M	$21.90M	$28.20M	$41.71M	$35.30M	$32.73M	$36.20M	$35.10M	$21.62M	$19.39M	$-21.68M	$-9.11M	$2.92M
Avg Forecast	$46.41M	$40.12M	$32.25M	$27.53M	$43.68M	$35.10M	$24.23M	$24.61M	$40.35M	$30.43M	$20.28M	$20.13M	$34.23M	$38.73M	$20.46M	$27.77M	$46.19M	$35.21M	$38.88M	$29.15M	$36.73M	$32.01M	$30.65M	$29.96M	$31.93M	$9.51M	$7.09M	$3.26M	$9.40M	$1.50M
High Forecast	$47.50M	$41.06M	$33.01M	$28.18M	$44.71M	$35.93M	$24.80M	$25.20M	$41.30M	$34.23M	$21.09M	$20.60M	$34.24M	$46.48M	$22.92M	$31.74M	$47.28M	$42.26M	$46.66M	$29.15M	$36.73M	$38.41M	$30.65M	$29.96M	$31.93M	$11.42M	$7.09M	$3.26M	$9.40M	$1.80M
Low Forecast	$45.24M	$39.11M	$31.44M	$26.84M	$42.58M	$34.22M	$23.62M	$24.00M	$39.33M	$26.62M	$19.77M	$19.62M	$34.22M	$30.99M	$18.83M	$23.80M	$45.03M	$28.17M	$31.11M	$29.15M	$36.73M	$25.61M	$30.65M	$29.96M	$31.93M	$7.61M	$7.09M	$3.26M	$9.40M	$1.20M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.13%	1.08%	0.79%	0.91%	0.56%	0.97%	1.14%	1.10%	1.07%	1.21%	1.10%	2.27%	2.73%	-6.65%	-0.97%	1.95%

Kennametal's average Quarter net income forecast for Mar 24 is $38.73M, with a range of $30.99M to $46.48M. KMT's average Quarter net income forecast represents a 67.62% increase compared to the company's last Quarter net income of $23.11M (Dec 23).

Kennametal SG&A Forecast

	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20
# Analysts	4	4	4	4	4	4	3	3	3	5	5	4	2	2	4	8	5	4	4	3	4	3	5	4	5	4	5	16	8	11
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Avg Forecast	$113.91M	$107.30M	$99.73M	$97.26M	$109.62M	$103.21M	$96.46M	$95.60M	$105.12M	$99.44M	$93.82M	$93.23M	$102.36M	$99.62M	$95.44M	$96.76M	$109.10M	$101.90M	$94.50M	$92.94M	$98.31M	$96.95M	$94.46M	$92.81M	$97.93M	$90.20M	$80.57M	$73.58M	$75.71M	$96.94M
High Forecast	$115.98M	$109.26M	$101.55M	$99.02M	$111.61M	$105.09M	$98.21M	$97.34M	$107.03M	$101.73M	$94.30M	$93.24M	$102.36M	$99.62M	$96.59M	$99.05M	$111.08M	$103.76M	$96.22M	$92.94M	$98.31M	$96.95M	$94.46M	$92.81M	$97.93M	$90.20M	$80.57M	$73.58M	$75.71M	$96.94M
Low Forecast	$111.72M	$105.23M	$97.81M	$95.38M	$107.50M	$101.22M	$94.60M	$93.76M	$103.09M	$97.23M	$93.13M	$93.22M	$102.35M	$99.62M	$93.18M	$94.73M	$106.99M	$99.94M	$92.68M	$92.94M	$98.31M	$96.95M	$94.46M	$92.81M	$97.93M	$90.20M	$80.57M	$73.58M	$75.71M	$96.94M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Kennametal's average Quarter SG&A projection for undefined is $NaN, based on undefined Wall Street analysts, with a range of $NaN to $NaN. The forecast indicates a NaN% fall compared to KMT last annual SG&A of $NaN (undefined).

Kennametal EPS Forecast

	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20
# Analysts	4	4	4	4	4	4	3	3	3	5	5	4	2	2	4	8	5	4	4	3	4	3	5	4	5	4	5	16	8	11
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$0.29	$0.38	$0.45	$0.40	$0.27	$0.35	$0.51	$0.42	$0.39	$0.43	$0.42	$0.26	$0.23	$-0.26	$-0.11	$0.04
Avg Forecast	$0.59	$0.51	$0.41	$0.35	$0.56	$0.45	$0.31	$0.31	$0.51	$0.39	$0.26	$0.26	$0.44	$0.30	$0.26	$0.35	$0.59	$0.34	$0.22	$0.37	$0.46	$0.42	$0.39	$0.38	$0.40	$0.19	$0.09	$0.04	$0.12	$0.30
High Forecast	$0.60	$0.52	$0.42	$0.36	$0.57	$0.46	$0.32	$0.32	$0.53	$0.44	$0.27	$0.26	$0.44	$0.30	$0.29	$0.40	$0.60	$0.35	$0.23	$0.37	$0.46	$0.42	$0.39	$0.38	$0.40	$0.19	$0.09	$0.04	$0.12	$0.30
Low Forecast	$0.58	$0.50	$0.40	$0.34	$0.54	$0.44	$0.30	$0.31	$0.50	$0.34	$0.25	$0.25	$0.44	$0.30	$0.24	$0.30	$0.57	$0.33	$0.22	$0.37	$0.46	$0.42	$0.39	$0.38	$0.40	$0.19	$0.09	$0.04	$0.12	$0.30
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.11%	1.08%	0.77%	1.18%	1.21%	0.95%	1.10%	0.99%	1.01%	1.14%	1.04%	1.34%	2.57%	-6.33%	-0.93%	0.13%

According to 2 Wall Street analysts, Kennametal's projected average Quarter EPS for Mar 24 is $0.30, with a low estimate of $0.30 and a high estimate of $0.30. This represents a 3.64% increase compared to KMT previous annual EPS of $0.29 (Dec 23).

Kennametal Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
HLMN	Hillman Solutions	$10.67	$13.50	26.52%	Buy
TKR	Timken Company	$74.75	$92.50	23.75%	Buy
TTC	Toro Company	$85.31	$92.00	7.84%	Buy
LECO	Lincoln Electric	$199.15	$209.00	4.95%	Buy
KMT	Kennametal	$26.49	$24.00	-9.40%	Hold
SNA	Snap-on	$348.82	$310.50	-10.99%	Buy

KMT Forecast FAQ

Is Kennametal a good buy?

No, according to 7 Wall Street analysts, Kennametal (KMT) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 14.29% of KMT's total ratings.

What is KMT's price target?

Kennametal (KMT) average price target is $24 with a range of $22 to $26, implying a -2.36% from its last price of $24.58. The data is based on 7 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Kennametal stock go up soon?

According to Wall Street analysts' prediction for KMT stock, the company can go down by -2.36% (from the last price of $24.58 to the average price target of $24), up by 5.78% based on the highest stock price target, and down by -10.50% based on the lowest stock price target.

Can Kennametal stock reach $40?

KMT's average twelve months analyst stock price target of $24 does not support the claim that Kennametal can reach $40 in the near future.

What are Kennametal's analysts' financial forecasts?

Kennametal's analysts financial forecasts for the fiscal year (Jun 2026) are as follows: average revenue is $2.11B (high $2.15B, low $2.07B), average EBITDA is $335.22M (high $341.31M, low $328.75M), average net income is $127.62M (high $130.63M, low $124.42M), average SG&A $404.89M (high $412.25M, low $397.08M), and average EPS is $1.62 (high $1.66, low $1.58). KMT's analysts financial forecasts for the fiscal year (Jun 2027) are as follows: average revenue is $2.18B (high $2.22B, low $2.13B), average EBITDA is $346.24M (high $352.54M, low $339.56M), average net income is $146.3M (high $149.76M, low $142.63M), average SG&A $418.21M (high $425.81M, low $410.14M), and average EPS is $1.86 (high $1.9, low $1.81).

Did the KMT's actual financial results beat the analysts' financial forecasts?

Based on Kennametal's last annual report (Jun 2023), the company's revenue was $2.08B, beating the average analysts forecast of $2.08B by 0.00%. Apple's EBITDA was $204.85M, missing the average prediction of $333.31M by -38.54%. The company's net income was $118.46M, missing the average estimation of $149.43M by -20.73%. Apple's SG&A was $0, missing the average forecast of $398.45M by -100.00%. Lastly, the company's EPS was $1.47, missing the average prediction of $1.52 by -3.08%. In terms of the last quarterly report (Dec 2023), Kennametal's revenue was $495.32M, missing the average analysts' forecast of $496.74M by -0.29%. The company's EBITDA was $62.98M, missing the average prediction of $79.01M by -20.29%. Kennametal's net income was $23.11M, beating the average estimation of $20.46M by 12.92%. The company's SG&A was $0, missing the average forecast of $95.44M by -100.00%. Lastly, the company's EPS was $0.29, beating the average prediction of $0.26 by 11.47%