Kinaxis (TSE:KXS) Price Target Lowered to C$195.00 at Stifel Nicolaus

Kinaxis (TSE:KXS) had its price objective decreased by Stifel Nicolaus from C$210.00 to C$195.00 in a research note released on Friday, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the company. CIBC lowered Kinaxis from an outperform rating to a neutral rating and dropped their target price for the company from C$180.00 to C$154.00 in a research report on Friday, June 21st. Scotiabank dropped their target price on Kinaxis from C$200.00 to C$190.00 and set an outperform rating on the stock in a research report on Friday. ATB Capital dropped their target price on Kinaxis from C$215.00 to C$205.00 and set an outperform rating on the stock in a research report on Friday. Finally, TD Securities decreased their price target on Kinaxis from C$200.00 to C$195.00 in a research note on Friday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of C$192.11.

Kinaxis Price Performance

Kinaxis stock opened at C$146.26 on Friday. The business’s 50-day simple moving average is C$156.17 and its 200 day simple moving average is C$154.57. The stock has a market cap of C$4.15 billion, a price-to-earnings ratio of 203.14, a P/E/G ratio of 3.60 and a beta of 0.77. Kinaxis has a 12-month low of C$129.13 and a 12-month high of C$172.83. The company has a quick ratio of 2.29, a current ratio of 2.53 and a debt-to-equity ratio of 11.91.

Kinaxis (TSE:KXS) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of C$158.33 million. Kinaxis had a return on equity of 3.42% and a net margin of 3.38%. As a group, research analysts anticipate that Kinaxis will post 2.8913676 earnings per share for the current year.

Insider Transactions at Kinaxis

In other news, Director J. Ian Giffen sold 2,500 shares of Kinaxis stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of C$145.75, for a total transaction of C$364,381.00. In other news, Director J. Ian Giffen sold 2,500 shares of Kinaxis stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of C$145.75, for a total transaction of C$364,381.00. Also, Senior Officer Stefanie Ann Gordish sold 214 shares of Kinaxis stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of C$150.24, for a total value of C$32,152.34. Following the transaction, the insider now owns 287 shares of the company’s stock, valued at C$43,120.20. In the last three months, insiders sold 34,650 shares of company stock worth $5,253,452. 1.22% of the stock is owned by company 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.