Kinaxis Inc to Post FY2017 Earnings of $1.27 Per Share, National Bank Financial Forecasts (TSE:KXS)
Kinaxis Inc (TSE:KXS) – Equities research analysts at National Bank Financial boosted their FY2017 earnings per share (EPS) estimates for Kinaxis in a report issued on Tuesday. National Bank Financial analyst R. Tse now forecasts that the company will post earnings of $1.27 per share for the year, up from their prior forecast of $1.24. National Bank Financial currently has a “Outperform” rating and a $90.00 target price on the stock.
Several other brokerages have also issued reports on KXS. TD Securities dropped their target price on shares of Kinaxis from C$98.00 to C$93.00 and set a “buy” rating for the company in a research report on Wednesday. Royal Bank Of Canada dropped their target price on shares of Kinaxis from C$100.00 to C$85.00 and set an “outperform” rating for the company in a research report on Wednesday. CIBC lowered shares of Kinaxis from an “outperform” rating to a “neutral” rating and dropped their target price for the company from C$100.00 to C$82.00 in a research report on Wednesday. BMO Capital Markets dropped their target price on shares of Kinaxis from C$95.00 to C$82.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Laurentian dropped their target price on shares of Kinaxis from C$96.00 to C$83.00 and set a “hold” rating for the company in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of C$83.70.
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Kinaxis (TSE KXS) traded down 0.25% during trading on Friday, reaching $64.57. 26,808 shares of the company were exchanged. The company has a market capitalization of $1.63 billion and a P/E ratio of 161.02. Kinaxis has a one year low of $56.47 and a one year high of $91.98. The firm’s 50-day moving average is $79.98 and its 200 day moving average is $78.23.
In other Kinaxis news, insider Sarah Mayme Sedgman sold 385 shares of Kinaxis stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of C$90.00, for a total transaction of C$34,650.00. Also, Director John Ernest Sicard sold 5,400 shares of Kinaxis stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of C$86.00, for a total transaction of C$464,400.00. Insiders have sold 62,452 shares of company stock worth $5,497,274 over the last three months.
Kinaxis Inc provides cloud-based software for supply chain operations. The company offers RapidResponse, which provides supply chain planning and analytics capabilities for managing various supply chain management processes, including demand planning, supply planning, inventory management, order fulfillment, and capacity planning.
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