Barrington analyst Christopher Howe reiterated a Buy rating on Kadant Inc (KAI) today and set a price target of $110. The company’s shares closed yesterday at $89.57.
Howe observed:
“We are reiterating our OUTPERFORM investment rating based on the company’s strong parts and consumables revenue mix, further strengthened through the Syntron acquisition, solid free cash flow generation and sound capital allocation practices. We are lowering our price target to $110 (from $112), which is based on a five-year-average 10.6x NTM EV/EBITDA multiple and a five-year-average 16.1x NTM P/E multiple on our FY/20 estimates.”
According to TipRanks.com, Howe is ranked #4542 out of 5167 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kadant Inc with a $112 average price target.
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Kadant Inc’s market cap is currently $994.9M and has a P/E ratio of 16.92. The company has a Price to Book ratio of 2.79.
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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.
