Kinaxis Inc (KXS) Expected to Earn FY2018 Earnings of $1.40 Per Share

Kinaxis Inc (TSE:KXS) – Analysts at National Bank Financial decreased their FY2018 earnings per share estimates for Kinaxis in a research report issued on Tuesday. National Bank Financial analyst R. Tse now forecasts that the company will post earnings per share of $1.40 for the year, down from their prior forecast of $1.51. National Bank Financial currently has a “Outperform” rating and a $90.00 target price on the stock.

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A number of other equities analysts have also recently issued reports on KXS. Royal Bank Of Canada cut their price objective on Kinaxis from C$100.00 to C$85.00 and set an “outperform” rating for the company in a report on Wednesday. Eight Capital cut their price objective on Kinaxis from C$100.00 to C$90.00 and set a “buy” rating for the company in a report on Wednesday. Scotiabank cut their price objective on Kinaxis from C$87.00 to C$82.00 and set a “sector perform” rating for the company in a report on Wednesday. BMO Capital Markets cut their price objective on Kinaxis from C$95.00 to C$82.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Laurentian cut their price objective on Kinaxis from C$96.00 to C$83.00 and set a “hold” rating for the company in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Kinaxis presently has a consensus rating of “Buy” and an average price target of C$83.70.

Kinaxis (TSE:KXS) traded down 3.11% during trading on Thursday, reaching $64.43. The company’s stock had a trading volume of 137,254 shares. Kinaxis has a 52-week low of $56.47 and a 52-week high of $91.98. The company has a market cap of $1.63 billion and a PE ratio of 130.96. The stock has a 50-day moving average price of $80.62 and a 200 day moving average price of $78.33.

In other news, Director Douglas Proctor Colbeth sold 16,567 shares of the business’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of C$89.50, for a total value of C$1,482,746.50. Also, insider Sarah Mayme Sedgman sold 385 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of C$90.00, for a total value of C$34,650.00. In the last three months, insiders sold 62,952 shares of company stock valued at $5,540,474.

Kinaxis Company Profile

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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