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Kadant (KAI) Receives a Buy from Barrington

Barrington analyst Christopher Howe reiterated a Buy rating on Kadant (KAIResearch Report) today and set a price target of $245.00. The company’s shares closed last Thursday at $210.28.

According to TipRanks.com, Howe is a 5-star analyst with an average return of 22.1% and a 55.7% success rate. Howe covers the Industrial Goods sector, focusing on stocks such as Commercial Vehicle Group, Standex International, and Columbus Mckinnon.

Currently, the analyst consensus on Kadant is a Moderate Buy with an average price target of $245.00.

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Kadant’s market cap is currently $2.44B and has a P/E ratio of 32.16.

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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 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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