Cormark Issues Positive Outlook for Kraken Robotics Earnings

Kraken Robotics Inc. (CVE:PNG) – Cormark lifted their FY2027 EPS estimates for Kraken Robotics in a research report issued on Thursday, September 11th. Cormark analyst N. Boychuk now anticipates that the company will earn $0.26 per share for the year, up from their previous forecast of $0.23. The consensus estimate for Kraken Robotics’ current full-year earnings is $0.07 per share.

Several other equities analysts also recently issued reports on the stock. Scotiabank upgraded shares of Kraken Robotics to a “strong-buy” rating in a report on Thursday, August 14th. National Bankshares boosted their price target on Kraken Robotics from C$4.00 to C$5.00 and gave the company an “outperform” rating in a research note on Thursday. Desjardins boosted their price target on Kraken Robotics from C$4.00 to C$5.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Raymond James Financial boosted their price target on Kraken Robotics from C$3.50 to C$4.00 and gave the company an “outperform” rating in a research note on Friday, August 22nd. Finally, Canaccord Genuity Group downgraded Kraken Robotics from a “strong-buy” rating to a “hold” rating and boosted their price target for the company from C$3.50 to C$4.00 in a research note on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$4.10.

Kraken Robotics Stock Performance

PNG opened at C$4.18 on Friday. Kraken Robotics has a 52-week low of C$1.56 and a 52-week high of C$4.37. 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 company has a market cap of C$1.28 billion, a P/E ratio of 59.71 and a beta of 0.91. The firm’s 50-day moving average price is C$3.56 and its 200-day moving average price is C$2.85.

About Kraken Robotics

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.