Kinaxis Inc (TSE:KXS) – Equities researchers at Cormark upped their FY2017 EPS estimates for Kinaxis in a research note issued on Thursday. Cormark analyst R. Peters now forecasts that the company will earn $1.39 per share for the year, up from their previous estimate of $1.27. Cormark also issued estimates for Kinaxis’ Q4 2017 earnings at $0.30 EPS, Q1 2018 earnings at $0.35 EPS, Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.39 EPS and FY2018 earnings at $1.48 EPS.

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A number of other research analysts also recently commented on the company. Canaccord Genuity downgraded Kinaxis from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$100.00 to C$75.00 in a research note on Wednesday, August 9th. TD Securities lowered their price objective on Kinaxis from C$98.00 to C$93.00 and set a “buy” rating for the company in a research note on Wednesday, August 9th. Laurentian lowered their price objective on Kinaxis from C$96.00 to C$83.00 and set a “hold” rating for the company in a research note on Wednesday, August 9th. CIBC downgraded Kinaxis from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from C$100.00 to C$82.00 in a research note on Wednesday, August 9th. Finally, Eight Capital upped their price objective on Kinaxis from C$90.00 to C$100.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Kinaxis currently has a consensus rating of “Buy” and a consensus target price of C$89.10.

Kinaxis (KXS) opened at C$72.51 on Monday. Kinaxis has a 52 week low of C$56.47 and a 52 week high of C$91.98.

In other Kinaxis news, Director Douglas Proctor Colbeth sold 20,600 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of C$74.11, for a total transaction of C$1,526,666.00. Insiders have sold a total of 50,000 shares of company stock valued at $3,761,224 in the last quarter.

Kinaxis Company Profile

Kinaxis Inc is a provider of cloud-based subscription software for supply chain operations. The Company offers RapidResponse as a collection of cloud-based configurable applications. The Company’s RapidResponse product provides supply chain planning and analytics capabilities that create the foundation for managing multiple, interconnected supply chain management processes, including demand planning, supply planning, inventory management, order fulfillment and capacity planning.

Earnings History and Estimates for Kinaxis (TSE:KXS)

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