Kadant Inc. (KAI) Is At $103.20 Formed Wedge; Financial Institutions (FISI) Sentiment Is 1.58

Kadant Inc. (KAI) formed wedge down with $98.04 target or 5.00% below today’s $103.20 share price. Kadant Inc. (KAI) has $1.14 billion valuation. The stock decreased 1.10% or $1.15 during the last trading session, reaching $103.2. About 40,487 shares traded. Kadant Inc. (NYSE:KAI) has risen 45.38% since March 13, 2017 and is uptrending. It has outperformed by 28.68% the S&P500.

Financial Institutions, Inc. operates as the holding firm for Five Star Bank that provides banking and financial services to individuals, municipalities, and businesses. The company has market cap of $518.22 million. It operates in two divisions, Banking and Non-Banking. It has a 15.28 P/E ratio. The Banking segment includes retail and commercial banking operations.

Canandaigua National Bank & Trust Co holds 2.62% of its portfolio in Financial Institutions, Inc. for 478,183 shares. Alphaone Investment Services Llc owns 125,408 shares or 0.96% of their US portfolio. Moreover, Basswood Capital Management L.L.C. has 0.41% invested in the company for 312,580 shares. The Illinois-based Banc Funds Co Llc has invested 0.32% in the stock. Foundry Partners Llc, a Minnesota-based fund reported 157,315 shares.

Since January 1, 0001, it had 2 insider purchases, and 0 sales for $80,529 activity.

Analysts await Financial Institutions, Inc. (NASDAQ:FISI) to report earnings on April, 24. They expect $0.55 earnings per share, up 5.77% or $0.03 from last year’s $0.52 per share. FISI’s profit will be $8.76 million for 14.80 P/E if the $0.55 EPS becomes a reality. After $0.50 actual earnings per share reported by Financial Institutions, Inc. for the previous quarter, Wall Street now forecasts 10.00% EPS growth.

It closed at $32.55 lastly. It is down 13.69% since March 13, 2017 and is uptrending. It has underperformed by 3.01% the S&P500.

Investors sentiment decreased to 1.1 in Q3 2017. Its down 0.28, from 1.38 in 2017Q2. It is negative, as 12 investors sold Kadant Inc. shares while 43 reduced holdings. 33 funds opened positions while 43 raised stakes. 9.19 million shares or 0.66% more from 9.12 million shares in 2017Q2 were reported. Ativo Ltd Liability Corp invested in 0.39% or 14,809 shares. Amer Group Inc stated it has 7,274 shares or 0% of all its holdings. Bogle Lp De invested 0.33% of its portfolio in Kadant Inc. (NYSE:KAI). Hillsdale Mgmt Incorporated owns 0.2% invested in Kadant Inc. (NYSE:KAI) for 11,790 shares. Sterling Mngmt Limited Liability Company holds 0.02% of its portfolio in Kadant Inc. (NYSE:KAI) for 18,674 shares. Mufg Americas Corporation invested 0% of its portfolio in Kadant Inc. (NYSE:KAI). Oak Associates Oh has 7,630 shares. Royal Bankshares Of Canada invested 0% of its portfolio in Kadant Inc. (NYSE:KAI). Loomis Sayles L P accumulated 203,355 shares or 0.04% of the stock. Martingale Asset Mngmt Limited Partnership owns 0.02% invested in Kadant Inc. (NYSE:KAI) for 16,004 shares. Sensato Invsts Lc reported 3,014 shares stake. Ameriprise Financial reported 68,579 shares. Ngam Advisors L P owns 0.06% invested in Kadant Inc. (NYSE:KAI) for 52,926 shares. Barclays Public Limited Company holds 0% or 276 shares. 289,207 are owned by Northern.

Since September 18, 2017, it had 0 insider buys, and 7 insider sales for $2.75 million activity. 1,400 shares valued at $140,357 were sold by MCKENNEY MICHAEL J on Friday, December 15. $112,000 worth of Kadant Inc. (NYSE:KAI) was sold by Tully William P. Powell Jeffrey L had sold 7,277 shares worth $730,435. On Monday, September 18 ALBERTINE JOHN M sold $492,800 worth of Kadant Inc. (NYSE:KAI) or 5,500 shares. Another trade for 2,475 shares valued at $258,659 was sold by LAMBERT SANDRA L.

Among 6 analysts covering Kadant (NYSE:KAI), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Kadant has $8600 highest and $58 lowest target. $69’s average target is -33.14% below currents $103.2 stock price. Kadant had 7 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was downgraded by Sidoti to “Neutral” on Tuesday, October 3. As per Wednesday, August 12, the company rating was downgraded by Zacks. The stock of Kadant Inc. (NYSE:KAI) has “Neutral” rating given on Thursday, October 29 by Macquarie Research. The firm earned “Outperform” rating on Friday, August 5 by Barrington Research. The rating was initiated by William Blair on Friday, September 16 with “Market Perform”. The firm has “Buy” rating given on Thursday, August 18 by Seaport Global.