.jpg "Kadant Inc (NYSE: KAI)")
In a report released today, Christopher Howe from Barrington maintained a Buy rating on Kadant Inc (NYSE: KAI), with a price target of $112. The company’s shares closed yesterday at $97.43.
Howe noted:
“We are reiterating our OUTPERFORM investment rating and price target of $112, based on the company’s strong parts and consumables revenue mix, solid free cash flow generation and sound capital allocation practices. Company Description 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. The Papermaking Systems segment evelops, manufactures, and markets a range of equipment and products for the global papermaking, paper recycling, recycling and waste management, and other process industries. The Wood Processing Systems segment includes the production and marketing of stranders and related equipment used in the harvesting of oriented strand board, and lumber.”
According to TipRanks.com, Howe is ranked #4427 out of 4893 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 $1.08B and has a P/E ratio of 29.70. The company has a Price to Book ratio of 3.18.
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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.
