Analysts Offer Predictions for Kinaxis Inc’s Q1 2018 Earnings (KXS)
Kinaxis Inc (TSE:KXS) – Stock analysts at National Bank Financial issued their Q1 2018 EPS estimates for shares of Kinaxis in a report issued on Thursday. National Bank Financial analyst R. Tse anticipates that the company will post earnings per share of $0.28 for the quarter. National Bank Financial has a “Outperform” rating and a $100.00 price objective on the stock.
A number of other research analysts also recently weighed in on the company. Canaccord Genuity raised Kinaxis from a “hold” rating to a “buy” rating and upped their price target for the stock from C$75.00 to C$96.00 in a research note on Friday. TD Securities upped their price target on Kinaxis from C$93.00 to C$98.00 in a research note on Friday. Royal Bank of Canada upped their price target on Kinaxis from C$90.00 to C$95.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. CIBC upped their price target on Kinaxis from C$90.00 to C$95.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. Finally, Scotiabank upped their price target on Kinaxis from C$78.00 to C$90.00 and gave the stock an “outperform” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Kinaxis currently has a consensus rating of “Buy” and an average target price of C$92.20.
In related news, Director Douglas Proctor Colbeth sold 16,616 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of C$58.82, for a total transaction of C$977,353.12. Also, insider John Randall Erwin sold 3,333 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of C$74.71, for a total value of C$249,008.43. Over the last ninety days, insiders have sold 31,616 shares of company stock worth $2,098,003.
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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.
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