ATB Cormark Capital Markets Issues Positive Forecast for kneat.com (TSE:KSI) Stock Price

Key Points

• ATB Cormark raised its price target on kneat.com from C$6.00 to C$7.00 and kept an outperform rating, implying about a 51.19% upside from the current price.
• The stock carries a consensus Buy rating with an average price target of C$6.25, with one analyst at Strong Buy and three at Buy, though Raymond James trimmed its target to C$5.50 while TD Securities labeled it Strong-Buy.
• Shares traded at C$4.63 midday (market cap C$445.09M) and the company reported C($0.03) EPS for the quarter with negative net margin (-3.71%) and ROE (-3.55%), and a 12-month range of C$3.23–C$6.94.

kneat.com (TSE:KSI - Get Free Report) had its price objective boosted by ATB Cormark Capital Markets from C$6.00 to C$7.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. ATB Cormark Capital Markets' price target would indicate a potential upside of 51.19% from the company's current price.

A number of other equities analysts have also commented on the company. Raymond James Financial dropped their price target on kneat.com from C$7.00 to C$5.50 and set an "outperform" rating for the company in a research note on Thursday, February 26th. TD Securities raised kneat.com to a "strong-buy" rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of C$6.25.

kneat.com Price Performance

kneat.com stock traded up C$0.16 during midday trading on Tuesday, reaching C$4.63. 62,034 shares of the stock traded hands, compared to its average volume of 166,437. The stock's fifty day moving average is C$3.87 and its 200-day moving average is C$4.42. kneat.com has a 12 month low of C$3.23 and a 12 month high of C$6.94. The stock has a market cap of C$445.09 million, a P/E ratio of -231.50, a PEG ratio of 597.67 and a beta of 0.86. The company has a quick ratio of 1.50, a current ratio of 1.82 and a debt-to-equity ratio of 53.89.

kneat.com (TSE:KSI - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported C($0.03) EPS for the quarter. kneat.com had a negative net margin of 3.71% and a negative return on equity of 3.55%. The firm had revenue of C$17.00 million for the quarter. As a group, equities research analysts anticipate that kneat.com will post -0.12 EPS for the current year.

kneat.com Company Profile

Kneat Solutions provides leading companies in highly regulated industries with unparalleled efficiency in validation and compliance through its digital validation platform Kneat Gx. As an industry leader in customer satisfaction, Kneat boasts an excellent record for implementation, powered by our user-friendly design, expert support, and on-demand training academy. Kneat Gx is an industry-leading digital validation platform that enables highly regulated companies to manage any validation discipline from end-to-end.

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