Published On: Wed, Oct 19th, 2016

Current Price Targets For Kadant Inc (NYSE:KAI)


Recently stock market analysts have updated their consensus ratings on shares of Kadant Inc (NYSE:KAI).

Most recent broker ratings

09/16/2016 – William Blair began new coverage on Kadant Inc giving the company a “market perform” rating. They now have a USD 49 price target on the stock.

08/18/2016 – Kadant Inc was upgraded to “buy” by analysts at Seaport Global Securities. They now have a USD 58 price target on the stock.

08/05/2016 – Kadant Inc had its “outperform” rating reiterated by analysts at Barrington Research. They now have a USD 63 price target on the stock.

11/06/2015 – Kadant Inc had its “neutral” rating reiterated by analysts at Macquarie. They now have a USD 47 price target on the stock.

03/03/2015 – Kadant Inc was downgraded to “neutral” by analysts at Zacks. They now have a USD 48 price target on the stock.

07/31/2014 – Kadant Inc was upgraded to “accumulate” by analysts at Global Hunter Securities. They now have a USD 42 price target on the stock.

Kadant Inc has a 50 day moving average of 52.40 and a 200 day moving average of 50.93. The stock’s market capitalization is 559.13M, it has a 52-week low of 33.38 and a 52-week high of 56.57.

The share price of the company (NYSE:KAI) was up +1.28% during the last trading session, with a high of 51.40 and the volume of Kadant Inc shares traded was 34645.

Kadant Inc. is a supplier of equipment used in process industries. The process industries, including papermaking, paper recycling and oriented strand board (OSB), an engineered wood panel product used primarily in home construction. In addition, the Company manufactures granules made from papermaking byproducts. It operates in two segments: Papermaking Systems and Wood Processing Systems, and a separate product line, Fiber-based Products. Through its Papermaking Systems segment, it develops, manufactures and markets a range of equipment and products for the papermaking, paper recycling and other process industries. Through its Wood Processing Systems segment, it designs, manufactures and markets stranders and related equipment. Through its Fiber-based Products business, the Company produces biodegradable, absorbent granules from papermaking byproducts for use as carriers for agricultural, home lawn and garden, and professional lawn, turf and ornamental applications.