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 $89.47.
Howe observed:
“We are reiterating our OUTPERFORM investment rating and price target of $110.”
According to TipRanks.com, Howe is ranked #835 out of 5234 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kadant Inc with a $110 average price target.
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Based on Kadant Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $10.9 million. In comparison, last year the company had a net profit of $12.35 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.
