Kinaxis (TSE:KXS) Price Target Lowered to C$200.00 at Royal Bank Of Canada

Kinaxis (TSE:KXS) had its target price cut by Royal Bank Of Canada from C$235.00 to C$200.00 in a report released on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research analysts also recently issued reports on the stock. TD Securities upgraded shares of Kinaxis to a “strong-buy” rating in a research report on Tuesday, January 13th. National Bankshares set a C$240.00 price target on Kinaxis and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. CIBC upgraded Kinaxis from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from C$201.00 to C$203.00 in a research report on Monday, December 15th. Finally, Cibc Captl Mkts upgraded Kinaxis from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 15th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Kinaxis has an average rating of “Buy” and a consensus target price of C$224.00.

Kinaxis Trading Down 1.0%

TSE:KXS opened at C$147.66 on Monday. The company has a market cap of C$4.14 billion, a PE ratio of 123.05, a P/E/G ratio of 3.60 and a beta of 0.81. The business’s 50 day moving average is C$171.43 and its two-hundred day moving average is C$181.95. The company has a quick ratio of 2.29, a current ratio of 1.89 and a debt-to-equity ratio of 12.12. Kinaxis has a 52 week low of C$146.65 and a 52 week high of C$212.45.

Kinaxis (TSE:KXS) last posted its quarterly earnings results on Wednesday, November 5th. The company reported C$0.58 earnings per share (EPS) for the quarter. The business had revenue of C$187.41 million for the quarter. Kinaxis had a return on equity of 4.69% and a net margin of 4.33%. On average, analysts predict that Kinaxis will post 4.2526231 EPS for the current year.

Insider Activity

In other news, insider Kushan Krishna Surana sold 222 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of C$177.41, for a total transaction of C$39,385.02. Following the transaction, the insider directly owned 19 shares of the company’s stock, valued at approximately C$3,370.79. This trade represents a 92.12% decrease in their ownership of the stock. Insiders own 1.20% of the company’s stock.

Kinaxis Company Profile

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm’s flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation. Kinaxis’s S&OP solution capabilities include supply and demand planning, capacity and inventory planning, and inventory management. The firm has operations in North America, Europe, and Asia-Pacific regions.