Calyxt, Inc. (CLXT) Expected to Earn Q3 2017 Earnings of ($0.20) Per Share
Calyxt, Inc. (NASDAQ:CLXT) – Equities research analysts at Jefferies Group issued their Q3 2017 earnings per share (EPS) estimates for shares of Calyxt in a report released on Wednesday. Jefferies Group analyst A. Jagdale expects that the company will post earnings of ($0.20) per share for the quarter. Jefferies Group currently has a “Buy” rating and a $27.00 target price on the stock. Jefferies Group also issued estimates for Calyxt’s Q4 2017 earnings at ($0.21) EPS, FY2017 earnings at ($0.72) EPS, Q1 2018 earnings at ($0.23) EPS, Q2 2018 earnings at ($0.24) EPS, Q3 2018 earnings at ($0.28) EPS, Q4 2018 earnings at ($0.28) EPS, FY2018 earnings at ($1.02) EPS, FY2019 earnings at ($1.07) EPS, FY2020 earnings at ($0.86) EPS and FY2021 earnings at ($0.47) EPS.
A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Calyxt from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Wells Fargo & Company boosted their price target on shares of Calyxt from $17.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, September 29th. Citigroup Inc. downgraded shares of Calyxt from a “buy” rating to a “neutral” rating in a report on Wednesday, September 27th. Finally, BMO Capital Markets began coverage on shares of Calyxt in a report on Monday, October 30th. They set an “outperform” rating and a $32.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $26.25.
Calyxt (NASDAQ CLXT) opened at $22.20 on Monday. Calyxt has a fifty-two week low of $9.26 and a fifty-two week high of $31.89.
Calyxt Company Profile
Calyxt, Inc is a food and agriculture company. The Company is focused on delivering healthier specialty food ingredients, such as healthier oils and high fiber wheat, for consumers and agriculturally advantageous crop traits, such as herbicide tolerance to farmers. The Company also combines gene-editing technology and technical that enables to edit a plant genome to elicit the desired traits and characteristics.
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