D.A. Davidson analyst Kurt Yinger maintained a Hold rating on Kadant (KAI – Research Report) today. The company’s shares closed last Friday at $280.31.
Yinger covers the Industrials sector, focusing on stocks such as Builders Firstsource, Louisiana-Pacific, and AZEK Company. According to TipRanks, Yinger has an average return of 29.8% and an 84.06% success rate on recommended stocks.
Currently, the analyst consensus on Kadant is a Moderate Buy with an average price target of $243.00.
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The company has a one-year high of $288.24 and a one-year low of $175.43. Currently, Kadant has an average volume of 79.19K.
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Kadant (KAI) 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 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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