Kinaxis (TSE:KXS) Given New C$200.00 Price Target at Scotiabank

Kinaxis (TSE:KXS) had its price objective cut by Scotiabank from C$240.00 to C$200.00 in a report released on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research analysts have also commented on KXS. Royal Bank Of Canada cut their price objective on shares of Kinaxis from C$235.00 to C$200.00 and set an “outperform” rating for the company in a research report on Monday, January 26th. TD Securities raised Kinaxis to a “strong-buy” rating in a report on Tuesday, January 13th. National Bankshares set a C$240.00 price objective on Kinaxis and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Cibc Captl Mkts upgraded Kinaxis from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. Finally, CIBC raised Kinaxis from a “neutral” rating to an “outperform” rating and raised their target price for the stock from C$201.00 to C$203.00 in a research report on Monday, December 15th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$219.00.

Kinaxis Stock Performance

Shares of TSE KXS opened at C$120.08 on Wednesday. Kinaxis has a 12 month low of C$119.83 and a 12 month high of C$212.45. The company has a market cap of C$3.37 billion, a P/E ratio of 100.07, a P/E/G ratio of 3.60 and a beta of 0.68. The business’s 50 day moving average is C$165.94 and its two-hundred day moving average is C$178.93. 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 (TSE:KXS) last announced its quarterly earnings data 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 net margin of 4.33% and a return on equity of 4.69%. On average, equities analysts expect that Kinaxis will post 4.2526231 EPS for the current year.

Insider Buying and Selling

In other news, insider Kushan Krishna Surana sold 222 shares of Kinaxis stock in a transaction on Monday, November 10th. The stock was sold at an average price of C$177.41, for a total value of C$39,385.02. Following the completion of the sale, 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 position. 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.