Barrington Sticks to Their Buy Rating for Kadant Inc (KAI)


Barrington analyst Christopher Howe maintained a Buy rating on Kadant Inc (KAI) today and set a price target of $112. The company’s shares opened today at $87.20.

According to TipRanks.com, Howe is ranked #4741 out of 5108 analysts.

Currently, the analyst consensus on Kadant Inc is a Moderate Buy with an average price target of $112.

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Based on Kadant Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $18.78 million. In comparison, last year the company had a net profit of $13.29 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 the Papermaking Systems and Wood Processing Systems business segment.

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