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Barrington Stick to Their Buy Rating for Kadant Inc

Published 06/07/2021, 08:15 AM
Updated 06/07/2021, 08:15 AM


Barrington analyst Christopher Howe reiterated a Buy rating on Kadant (NYSE:KAI) Inc on Friday, setting a price target of $200, which is approximately 17.40% above the present share price of $170.36.

Howe expects Kadant Inc to post earnings per share (EPS) of $1.43 for the second quarter of 2021.

The current consensus among 1 TipRanks analysts is for a Moderate Buy rating of shares in Kadant, with an average price target of $200.
The analysts price targets range from a high of $200 to a low of $200.

In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $172.46 million and a net profit of $23.43 million. The company's market cap is $1.97 billion.

According to TipRanks.com, Barrington analyst Christopher Howe is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 40.5% and a 69.01% success rate.

Kadant, Inc. engages in designing and manufacturing products used in industries ranging from paper to plastics and textiles to tires. It operates through the following segments: Papermaking Systems, Wood Processing Systems, and Fiber-based Products Business segments. The Papermaking Systems segment develops, manufactures, and markets equipments and products for the global papermaking, paper recycling, recycling and waste management, and other process industries. The Wood Processing Systems segment includes the development, manufacturing, and marketing of stranders and related equipment used in the harvesting of oriented strand board and lumber. The Fiber-based Products Business segment manufactures and sells biodegradable and absorbent granules from papermaking products. The firm's products include alignment conveyor, tubular filter materials, and angleset indicator. The company was founded in November 1991 and is headquartered in Westford, MA.

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