Kinaxis (TSE:KXS) PT Lowered to C$190.00

Kinaxis (TSE:KXS) had its target price cut by analysts at Scotiabank from C$200.00 to C$190.00 in a research report issued on Thursday, BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 28.97% from the company’s previous close.

Other equities analysts have also issued reports about the company. TD Securities decreased their price objective on Kinaxis from C$200.00 to C$195.00 in a research report on Friday, August 2nd. Stifel Nicolaus cut their target price on Kinaxis from C$210.00 to C$195.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. ATB Capital cut their target price on Kinaxis from C$215.00 to C$205.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, CIBC cut Kinaxis from an “outperform” rating to a “neutral” rating and cut their target price for the company from C$180.00 to C$154.00 in a research note on Friday, June 21st. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Kinaxis presently has an average rating of “Moderate Buy” and an average target price of C$192.11.

Kinaxis Price Performance

Shares of KXS opened at C$147.32 on Thursday. The company has a debt-to-equity ratio of 12.40, a quick ratio of 2.29 and a current ratio of 1.90. The stock has a 50 day simple moving average of C$156.62 and a 200 day simple moving average of C$152.90. Kinaxis has a 52-week low of C$129.13 and a 52-week high of C$172.83. The firm has a market capitalization of C$4.16 billion, a PE ratio of 148.81, a P/E/G ratio of 3.60 and a beta of 0.79.

Kinaxis (TSE:KXS) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.27 by C$0.15. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. The business had revenue of C$161.83 million during the quarter, compared to analyst estimates of C$160.55 million. Sell-side analysts predict that Kinaxis will post 3.315416 EPS for the current fiscal year.

Insider Transactions at Kinaxis

In other news, Senior Officer Andrew William Robert Bell sold 701 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of C$149.56, for a total transaction of C$104,841.70. Following the sale, the insider now owns 831 shares in the company, valued at approximately C$124,284.53. In other news, Senior Officer Andrew William Robert Bell sold 701 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of C$149.56, for a total transaction of C$104,841.70. Following the sale, the insider now owns 831 shares in the company, valued at approximately C$124,284.53. Also, Director Robert G. Courteau purchased 2,800 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was acquired at an average price of C$138.01 per share, for a total transaction of C$386,428.00. Insiders have sold a total of 7,593 shares of company stock worth $1,136,807 in the last 90 days. Corporate insiders own 1.20% of the company’s stock.

About Kinaxis

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services.