National Bank Financial Comments on Kinaxis Inc’s Q3 2016 Earnings (KXS)
Kinaxis Inc (TSE:KXS) – Research analysts at National Bank Financial issued their Q3 2016 earnings per share (EPS) estimates for shares of Kinaxis in a note issued to investors on Monday. National Bank Financial analyst R. Tse forecasts that the firm will post earnings per share of $0.28 for the quarter. National Bank Financial has a “Outperform Overweight” rating on the stock. National Bank Financial also issued estimates for Kinaxis’ Q4 2016 earnings at $0.28 EPS, FY2016 earnings at $1.10 EPS and FY2017 earnings at $1.40 EPS.
Other research analysts also recently issued research reports about the company. RBC Capital Markets lifted their price target on Kinaxis from C$68.00 to C$72.00 in a report on Saturday, August 6th. CIBC lifted their price target on Kinaxis from C$52.00 to C$75.00 in a report on Saturday, August 6th. Canaccord Genuity lifted their price target on Kinaxis from C$52.00 to C$70.00 and gave the company a “buy” rating in a report on Saturday, August 6th. Royal Bank Of Canada lifted their price target on Kinaxis from C$52.00 to C$68.00 and gave the company an “outperform” rating in a report on Wednesday, August 3rd. Finally, Scotiabank reiterated an “outperform” rating and set a C$53.00 price target on shares of Kinaxis in a report on Friday, June 17th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$62.95.
Shares of Kinaxis (TSE:KXS) opened at 66.17 on Thursday. The company’s 50 day moving average price is $61.88 and its 200 day moving average price is $51.88. Kinaxis has a one year low of $32.60 and a one year high of $67.91. The stock has a market capitalization of $1.63 billion and a P/E ratio of 143.54.
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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