Kadant Inc (KAI) Gets a Buy Rating from Barrington


In a report released today, Christopher Howe from Barrington maintained a Buy rating on Kadant Inc (KAI), with a price target of $112. The company’s shares closed on Friday at $85.63.

Howe commented:

“We are reiterating our OUTPERFORM investment rating based on the company’s strong parts and consumables revenue mix, which provides economic insulation; solid free cash flow generation, which was further strengthened through this acquisition; and sound capital allocation practices, evident by its adjusted ROIC and shareholder returns.”

According to TipRanks.com, Howe is ranked #4683 out of 5129 analysts.

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

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Kadant Inc’s market cap is currently $951.1M and has a P/E ratio of 22.81. The company has a Price to Book ratio of 2.66.

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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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