Kennametal Inc.
KMT
Delayed Nyse - 02/23 10:02:01 pm
43.98USD
-1.5%

Good timing to go long again

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David Meurisse
Contributor / Partner

Strategy published on : 02/13/2018 | 17:53

long trade
Live

Entry price : 42.53$
Target : 47.8$
Stop-loss : 39.9$
Potential : 12.39%

Kennametal Inc. shares are closing back in on major support levels around 42.34 USD based on daily price data, which could offer attractive entry points.
Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at USD 41.91 USD in weekly data.

● The close medium term support offers good timing for purchasing the stock.

● The group's high margin levels account for strong profits.

● Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● For several months, analysts have been revising their EPS estimates roughly upwards.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.

● The tendency within the weekly time frame is positive above the technical support level at 41.91 USD


Weaknesses

● Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.

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