Equities Analysts Issue Forecasts for Kinaxis Inc’s FY2018 Earnings (KXS)
Kinaxis Inc (TSE:KXS) – Equities researchers at Cormark issued their FY2018 earnings estimates for shares of Kinaxis in a research report issued on Thursday. Cormark analyst R. Peters forecasts that the company will earn $1.44 per share for the year.
A number of other research analysts also recently issued reports on the company. TD Securities decreased their price target on Kinaxis from C$98.00 to C$93.00 and set a “buy” rating for the company in a report on Wednesday, August 9th. Canaccord Genuity downgraded Kinaxis from a “buy” rating to a “hold” rating and decreased their price target for the company from C$100.00 to C$75.00 in a report on Wednesday, August 9th. Laurentian decreased their price target on Kinaxis from C$96.00 to C$83.00 and set a “hold” rating for the company in a report on Wednesday, August 9th. CIBC downgraded Kinaxis from an “outperform” rating to a “neutral” rating and decreased their price target for the company from C$100.00 to C$82.00 in a report on Wednesday, August 9th. Finally, Eight Capital boosted their price target on Kinaxis from C$90.00 to C$100.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$90.50.
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Kinaxis (TSE KXS) traded up 1.36% during midday trading on Friday, reaching $72.25. 66,271 shares of the company’s stock were exchanged. Kinaxis has a 52 week low of $56.47 and a 52 week high of $91.98. The firm’s 50 day moving average is $73.04 and its 200 day moving average is $78.77. The firm has a market capitalization of $1.84 billion and a price-to-earnings ratio of 146.85.
In other news, Director Douglas Proctor Colbeth sold 20,600 shares of the company’s stock in a transaction that occurred 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. Over the last ninety days, insiders have sold 50,000 shares of company stock valued at $3,761,224.
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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