ATB Capital Lowers Kinaxis (TSE:KXS) Price Target to C$205.00

Kinaxis (TSE:KXS) had its target price reduced by ATB Capital from C$215.00 to C$205.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other research analysts have also recently issued research reports about the company. TD Securities dropped their price target on Kinaxis from C$200.00 to C$195.00 in a research report on Friday. Scotiabank dropped their price target on Kinaxis from C$200.00 to C$190.00 and set an outperform rating for the company in a research report on Friday. Finally, CIBC cut Kinaxis from an outperform rating to a neutral rating and dropped their price objective for the stock from C$180.00 to C$154.00 in a research report on Friday, June 21st. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of C$192.11.

Kinaxis Trading Down 5.4 %

Shares of KXS stock opened at C$146.26 on Friday. The company’s 50-day moving average price is C$156.17 and its 200-day moving average price is C$154.57. 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. The stock has a market cap of C$4.15 billion, a price-to-earnings ratio of 203.14, a PEG ratio of 3.60 and a beta of 0.77.

Kinaxis (TSE:KXS) last released its earnings results on Wednesday, May 8th. The company reported C$0.36 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.30 by C$0.06. The firm 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%. As a group, equities analysts predict that Kinaxis will post 2.8913676 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director J. Ian Giffen sold 5,200 shares of Kinaxis 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. In other news, Director John Ernest Sicard sold 13,533 shares of Kinaxis 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. Also, Director J. Ian Giffen sold 5,200 shares of Kinaxis 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. In the last ninety days, insiders have sold 34,650 shares of company stock valued at $5,253,452. Insiders own 1.22% of the company’s stock.

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.