Kadant Inc – Consensus Indicates Potential 3.2% Upside

Broker Ratings

Kadant Inc with ticker code (KAI) now have 3 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 229 and 200 calculating the mean target price we have $211.33. Now with the previous closing price of $204.80 this would imply there is now a potential upside of 3.2%. Also worth taking note is the 50 day moving average now sits at $203.42 while the 200 day moving average is $187.49. The total market capitalization for the company now stands at $2,318m. Company Website: https://www.kadant.com

The potential market cap would be $2,392m based on the market consensus.

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Kadant Inc. supplies technologies and engineered systems worldwide. It operates through three segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment develops, manufactures, and markets fluid-handling systems and equipment, such as rotary joints, syphons, turbulator bars, expansion joints, and engineered steam and condensate systems; and doctoring, cleaning, and filtration systems and related consumables, consisting of doctor systems and holders, doctor blades, shower and fabric-conditioning systems, formation systems, and water-filtration systems. The Industrial Processing segment develops, manufactures, and markets ring and rotary debarkers, stranders, chippers, logging machinery, industrial automation and control systems, recycling and approach flow systems, and virgin pulping process equipment for use in the packaging, tissue, wood products, and alternative fuel industries. The Material Handling segment offers conveying and vibratory equipment, and balers and related equipment; and manufactures and sells biodegradable absorbent granules for carriers in as carriers in agricultural, home lawn and garden, professional lawn, turf, and ornamental applications, as well as for oil and grease absorption. The company was formerly known as Thermo Fibertek Inc. and changed its name to Kadant Inc. in July 2001. Kadant Inc. was incorporated in 1991 and is headquartered in Westford, Massachusetts.

The company has a dividend yield of 0.57% with the ex dividend date set at 11-4-2023 (DMY).

Other points of data to note are a P/E ratio of 19.21, revenue per share of 77.63 and a 8.32% return on assets.

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