.jpg "Kadant Inc (NYSE: KAI)")
In a report released today, Christopher Howe from Barrington reiterated a Buy rating on Kadant Inc (KAI), with a price target of $110. The company’s shares opened today at $88.30.
According to TipRanks.com, Howe is ranked #4602 out of 5203 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kadant Inc with a $110 average price target.
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Based on Kadant Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $18.42 million. In comparison, last year the company had a net profit of $760K.
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Kadant, Inc. engages in designing and manufacturing products used in industries ranging from paper to plastics and textiles to tires. It operates through the Papermaking Systems and Wood Processing Systems business segment.
