Kinaxis (TSE:KXS) Downgraded to “Neutral” at CIBC

CIBC cut shares of Kinaxis (TSE:KXS) from an outperform rating to a neutral rating in a research note published on Friday, BayStreet.CA reports. They currently have C$154.00 price objective on the stock, down from their prior price objective of C$180.00.

KXS has been the topic of several other reports. Royal Bank of Canada lowered their price objective on Kinaxis from C$220.00 to C$200.00 and set an outperform rating on the stock in a research note on Friday, March 1st. BMO Capital Markets lowered their price target on Kinaxis from C$190.00 to C$175.00 and set an outperform rating on the stock in a research report on Friday, March 1st. Eight Capital cut their price objective on Kinaxis from C$230.00 to C$190.00 and set a buy rating for the company in a report on Friday, March 1st. TD Securities lowered their target price on shares of Kinaxis from C$210.00 to C$200.00 and set a buy rating on the stock in a report on Friday, March 1st. Finally, Scotiabank cut their price target on shares of Kinaxis from C$220.00 to C$200.00 and set an outperform rating for the company in a report on Friday, March 1st. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of C$196.56.

Kinaxis Stock Up 0.3 %

KXS opened at C$150.58 on Friday. The company has a market capitalization of C$4.27 billion, a P/E ratio of 209.14, a P/E/G ratio of 3.60 and a beta of 0.77. The company has a debt-to-equity ratio of 11.91, a current ratio of 2.53 and a quick ratio of 2.29. The firm’s fifty day moving average price is C$150.17 and its two-hundred day moving average price is C$151.99. Kinaxis has a fifty-two week low of C$129.13 and a fifty-two week high of C$191.51.

Kinaxis (TSE:KXS) last released its quarterly earnings data on Wednesday, May 8th. The company reported C$0.36 EPS for the quarter, topping analysts’ consensus estimates of C$0.30 by C$0.06. The company had revenue of C$160.93 million during the quarter, compared to the consensus estimate of C$158.33 million. Kinaxis had a net margin of 3.38% and a return on equity of 3.42%. On average, analysts anticipate that Kinaxis will post 2.8913676 EPS for the current year.

Insider Buying and Selling at Kinaxis

In other news, Director John Ernest Sicard sold 13,533 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of C$148.46, for a total transaction of C$2,009,067.23. In related news, Director J. Ian Giffen sold 5,200 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$155.41, for a total value of C$808,140.32. Also, Director John Ernest Sicard sold 13,533 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of C$148.46, for a total value of C$2,009,067.23. In the last 90 days, insiders sold 34,650 shares of company stock worth $5,253,452. 1.22% of the stock is currently owned by corporate insiders.

Kinaxis Company Profile

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.