.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 closed yesterday at $98.09.
Howe said:
“We are reiterating our OUTPERFORM investment rating and price target of $110 based on the company’s strong parts and consumables revenue mix, which has been further strengthened through the Syntron acquisition (82% of Q1 revenue), solid free cash flow generation and sound capital allocation practices.”
Howe has an average return of 5.5% when recommending Kadant Inc.
According to TipRanks.com, Howe is ranked #4822 out of 5198 analysts.
Kadant Inc has an analyst consensus of Moderate Buy, with a price target consensus of $110.
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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 $10.86 million.
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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 two segments: Papermaking Systems and Wood Processing Systems Business.
