William Blair Resumes Kadant Inc. (KAI) at Outperform

William Blair analyst Lawrence De Maria resumes coverage on Kadant Inc. (NYSE: KAI) with a Outperform rating.

The analyst comments "We are resuming coverage of Kadant with an Outperform rating. Kadant is a leading supplier of critical components for process industries, primarily serving the packaging, industrial,construction, and mining end-markets. Despite inherent cyclicality within construction, with slowing consumer spending, Kadant’s outlook remains robust due to stable aftermarket parts and consumables (66% of sales), a significant backlog, above-average pricing power,and a clean balance sheet with a strong history of accretive capital redeployment. We view Kadant as a high-quality SMID industrial growth company, operating as the No. 1 player in nearly all of its niche markets, and should continue to compound EPS over time led by secular tail winds such as the push for energy efficiency, the circular economy, government stimulus,and rising living standards."

For an analyst ratings summary and ratings history on Kadant Inc. click here. For more ratings news on Kadant Inc. click here.

Shares of Kadant Inc. closed at $210.00 yesterday.

You May Also Be Interested In

• UBS Starts Elevra Lithium (ELV:AU) at Buy
• Bernstein SocGen Group Starts Wuxi Apptec (2359:HK) (WUXIF) at Outperform
• Bernstein SocGen Group Starts WuXi AppTec Co Ltd (603259:CH) at Outperform