Cormark Predicts Kraken Robotics' FY2027 Earnings (CVE:PNG)

Key Points

• Cormark analysts have increased their FY2027 earnings per share estimate for Kraken Robotics from $0.23 to $0.26, while the consensus estimate for the current full-year earnings is $0.07 per share.
• Multiple analysts have provided mixed ratings for Kraken Robotics, with Scotiabank upgrading it to a "strong-buy" and a consensus rating of "buy" alongside a price target of C$4.10.
• As of the latest trading session, Kraken Robotics stock is up 3.4% and is currently priced at C$4.24, with a market cap of C$1.30 billion.

Kraken Robotics Inc. (CVE:PNG - Free Report) - Investment analysts at Cormark lifted their FY2027 EPS estimates for Kraken Robotics in a research report issued to clients and investors on Thursday, September 11th. Cormark analyst N. Boychuk now anticipates that the company will post earnings per share of $0.26 for the year, up from their prior forecast of $0.23. The consensus estimate for Kraken Robotics' current full-year earnings is $0.07 per share.

Other analysts have also issued reports about the stock. Scotiabank upgraded shares of Kraken Robotics to a "strong-buy" rating in a report on Thursday, August 14th. Desjardins raised their price objective on shares of Kraken Robotics from C$4.00 to C$5.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. Canaccord Genuity Group lowered shares of Kraken Robotics from a "strong-buy" rating to a "hold" rating and raised their price objective for the stock from C$3.50 to C$4.00 in a report on Thursday, July 24th. Raymond James Financial raised their price objective on shares of Kraken Robotics from C$3.50 to C$4.00 and gave the stock an "outperform" rating in a report on Friday, August 22nd. Finally, National Bankshares raised their target price on shares of Kraken Robotics from C$4.00 to C$5.00 and gave the company an "outperform" rating in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of C$4.10.

Kraken Robotics Stock Up 3.4%

PNG opened at C$4.24 on Friday. The company has a quick ratio of 0.64, a current ratio of 2.78 and a debt-to-equity ratio of 34.32. The business's fifty day simple moving average is C$3.54 and its 200 day simple moving average is C$2.84. The stock has a market cap of C$1.30 billion, a PE ratio of 60.57 and a beta of 0.91. Kraken Robotics has a 52 week low of C$1.54 and a 52 week high of C$4.37.

Kraken Robotics Company Profile

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally.

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