Kinaxis (TSE:KXS) Price Target Cut to C$190.00 by Analysts at Scotiabank

Kinaxis (TSE:KXS) had its price objective cut by Scotiabank from C$200.00 to C$190.00 in a report issued on Thursday morning, BayStreet.CA reports.

Other analysts also recently issued research reports about the stock. ATB Capital decreased their price objective on shares of Kinaxis from C$215.00 to C$205.00 and set an outperform rating on the stock in a report on Friday, August 2nd. Stifel Nicolaus decreased their price objective on shares of Kinaxis from C$210.00 to C$195.00 and set a buy rating on the stock in a report on Friday, August 2nd. CIBC downgraded shares of Kinaxis from an outperform rating to a neutral rating and decreased their price objective for the stock from C$180.00 to C$154.00 in a report on Friday, June 21st. Finally, TD Securities decreased their price objective on shares of Kinaxis from C$200.00 to C$195.00 in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of C$192.11.

Kinaxis Trading Up 2.6 %

Shares of Kinaxis stock opened at C$147.32 on Thursday. Kinaxis has a 52-week low of C$129.13 and a 52-week high of C$172.83. The company has a quick ratio of 2.29, a current ratio of 1.90 and a debt-to-equity ratio of 12.40. The company’s 50-day simple moving average is C$156.62 and its 200-day simple moving average is C$152.79. The firm has a market cap of C$4.16 billion, a price-to-earnings ratio of 148.81, a price-to-earnings-growth ratio of 3.60 and a beta of 0.79.

Kinaxis (TSE:KXS) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.15. Kinaxis had a net margin of 4.59% and a return on equity of 4.87%. The business had revenue of C$161.83 million for the quarter, compared to analyst estimates of C$160.55 million. As a group, equities research analysts anticipate that Kinaxis will post 3.315416 earnings per share for the current year.

Insider Activity at Kinaxis

In other news, Director Robert G. Courteau acquired 2,800 shares of Kinaxis stock in a transaction that occurred on Wednesday, August 28th. The shares were acquired at an average price of C$138.01 per share, with a total value of C$386,428.00. In related news, Director Robert G. Courteau purchased 2,800 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was purchased at an average price of C$138.01 per share, with a total value of C$386,428.00. Also, Senior Officer Andrew William Robert Bell sold 701 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of C$149.56, for a total transaction of C$104,841.70. Following the transaction, the insider now directly owns 831 shares of the company’s stock, valued at approximately C$124,284.53. Insiders own 1.20% 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.