Kinaxis (TSE:KXS) Given New C$195.00 Price Target 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 report report published on Friday, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities analysts have also recently commented on the stock. TD Securities reduced their price objective on shares of Kinaxis from C$200.00 to C$195.00 in a research report on Friday. ATB Capital reduced their price objective 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. Scotiabank reduced their price objective 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, CIBC cut shares of Kinaxis from an outperform rating to a neutral rating and reduced their target price for the company from C$180.00 to C$154.00 in a research report on Friday, June 21st. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Kinaxis presently has a consensus rating of Moderate Buy and a consensus target price of C$192.11.

Kinaxis Price Performance

TSE:KXS opened at C$146.26 on Friday. Kinaxis has a 1-year low of C$129.13 and a 1-year 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 firm has a fifty day simple moving average of C$156.17 and a 200 day simple moving average of C$154.57. The stock has a market capitalization of C$4.15 billion, a PE ratio of 203.14, a P/E/G 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, 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 analysts’ expectations of C$158.33 million. On average, research analysts expect that Kinaxis will post 2.8913676 EPS for the current fiscal year.

Insider Activity at Kinaxis

In related news, Director J. Ian Giffen sold 2,500 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of C$145.75, for a total value of C$364,381.00. In other Kinaxis news, Senior Officer James Alexander Hollingworth sold 875 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 745 shares of the company’s stock, valued at C$116,088.66. Also, Director J. Ian Giffen sold 2,500 shares of the company’s 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 value of C$364,381.00. Insiders sold a total of 34,650 shares of company stock valued at $5,253,452 over the last quarter. 1.22% of the stock is owned by corporate 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.