ATB Cormark Capital Markets Issues Pessimistic Forecast for Kits Eyecare (TSE:KITS) Stock Price

Key Points

• ATB Cormark lowered its price target for Kits Eyecare from C$20.00 to C$16.75 while maintaining a "speculative buy" rating, implying about a 46.5% upside from the current price.
• KITS shares fell C$0.95 to C$11.43 on heavy volume (306,356 shares vs. a 115,911 average), with a market cap of C$388.5M, a P/E of 127, and a 1‑year range of C$11.12–C$22.56.
• In the most recent quarter the company reported EPS of C$0.06 on revenue of C$57.47M; Kits Eyecare describes itself as a fast‑growing, vertically integrated digital eyecare provider with in‑house lens manufacturing and an AI‑driven fit experience.

Kits Eyecare (TSE:KITS - Get Free Report) had its price objective decreased by research analysts at ATB Cormark Capital Markets from C$20.00 to C$16.75 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a "speculative buy" rating on the stock. ATB Cormark Capital Markets' price objective indicates a potential upside of 46.54% from the company's current price.

Kits Eyecare Stock Performance

Shares of KITS stock traded down C$0.95 during trading on Thursday, reaching C$11.43. The company's stock had a trading volume of 306,356 shares, compared to its average volume of 115,911. The stock has a market capitalization of C$388.51 million, a P/E ratio of 127.00 and a beta of 0.46. Kits Eyecare has a 1-year low of C$11.12 and a 1-year high of C$22.56.

Kits Eyecare (TSE:KITS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$0.06 earnings per share (EPS) for the quarter. The company had revenue of C$57.47 million during the quarter.

Kits Eyecare Company Profile

KITS TSX: KITS is one of the world's fastest growing eyecare providers, offering high-quality, affordable prescription glasses and contact lenses through its vertically integrated digital platform. With advanced in-house lens manufacturing, an industry-leading digital fit experience powered by OpticianAI, and thousands of 5-star customer reviews, KITS is redefining how Canadians experience eyecare. Designed in Canada. Delivered worldwide.

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