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

Kinaxis (TSE:KXS) had its price target trimmed by Stifel Nicolaus from C$210.00 to C$195.00 in a research note issued to investors on Friday, BayStreet.CA reports. They currently have a buy rating on the stock.

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

Kinaxis Stock Down 5.4 %

Shares of TSE:KXS opened at C$146.26 on Friday. The firm has a fifty day moving average of C$156.17 and a 200 day moving average of C$154.61. The company has a debt-to-equity ratio of 11.91, a quick ratio of 2.29 and a current ratio of 2.53. 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$4.15 billion, a PE ratio of 203.14, a price-to-earnings-growth ratio of 3.60 and a beta of 0.77.

Kinaxis (TSE:KXS) last posted its quarterly earnings results on Wednesday, May 8th. The company reported C$0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.30 by C$0.06. Kinaxis had a net margin of 3.38% and a return on equity of 3.42%. The business had revenue of C$160.93 million during the quarter, compared to analyst estimates of C$158.33 million. As a group, research analysts anticipate that Kinaxis will post 2.8913676 EPS for the current fiscal year.

Insider Activity

In other news, Director J. Ian Giffen sold 5,200 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$155.41, for a total transaction of C$808,140.32. In related news, Director J. Ian Giffen sold 5,200 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$155.41, for a total value of C$808,140.32. Also, Senior Officer Stefanie Ann Gordish sold 214 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of C$150.24, for a total transaction of C$32,152.34. Following the completion of the transaction, the insider now directly owns 287 shares of the company’s stock, valued at C$43,120.20. Over the last ninety days, insiders sold 34,650 shares of company stock valued at $5,253,452. Insiders own 1.22% 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.