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

Kinaxis (TSE:KXS) had its price target trimmed by TD Securities from C$200.00 to C$195.00 in a research note issued to investors on Friday, BayStreet.CA reports.

Separately, CIBC lowered shares of Kinaxis from an outperform rating to a neutral rating and lowered their price target for the company from C$180.00 to C$154.00 in a research report on Friday, June 21st. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Kinaxis currently has a consensus rating of Moderate Buy and a consensus target price of C$192.11.

Kinaxis Trading Down 5.4 %

Shares of KXS opened at C$146.26 on Friday. The firm’s 50-day moving average is C$156.17 and its two-hundred day moving average is C$154.57. The firm has a market capitalization of C$4.15 billion, a P/E ratio of 203.14, a PEG ratio of 3.60 and a beta of 0.77. Kinaxis has a twelve month low of C$129.13 and a twelve month high of C$172.83. The company has a current ratio of 2.53, a quick ratio of 2.29 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, beating the consensus estimate of C$0.30 by C$0.06. The business had revenue of C$160.93 million for the quarter, compared to analyst estimates of C$158.33 million. Kinaxis had a net margin of 3.38% and a return on equity of 3.42%. On average, research analysts predict that Kinaxis will post 2.8913676 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Kinaxis news, Director J. Ian Giffen sold 2,500 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of C$145.75, for a total transaction of C$364,381.00. In other Kinaxis news, Director J. Ian Giffen sold 2,500 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of C$145.75, for a total transaction of C$364,381.00. Also, Senior Officer James Alexander Hollingworth sold 875 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$155.82, for a total transaction of C$136,345.74. Following the transaction, the insider now directly owns 745 shares in the company, valued at approximately C$116,088.66. Insiders have sold a total of 34,650 shares of company stock valued at $5,253,452 over the last quarter. Company 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.