Kinaxis (KXS) Price Target Cut to C$90.00

Kinaxis (TSE:KXS) had its price objective decreased by Canaccord Genuity from C$96.00 to C$90.00 in a research note issued to investors on Monday, BayStreet.CA reports.

Several other equities analysts also recently commented on KXS. Royal Bank of Canada cut their target price on Kinaxis from C$105.00 to C$90.00 and set an outperform rating for the company in a research report on Monday, March 4th. TD Securities cut their target price on Kinaxis from C$98.00 to C$96.00 and set a buy rating for the company in a research report on Monday, March 4th. Finally, BMO Capital Markets restated an outperform rating and set a C$91.00 target price on shares of Kinaxis in a research report on Monday, March 4th.

Kinaxis stock opened at C$74.82 on Monday. The company has a quick ratio of 2.65, a current ratio of 2.73 and a debt-to-equity ratio of 5.99. The company has a market cap of $1.95 billion and a P/E ratio of 118.76. Kinaxis has a one year low of C$60.01 and a one year high of C$100.68.

Kinaxis (TSE:KXS) last posted its earnings results on Thursday, February 28th. The company reported C$0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.26 by C($0.12). The company had revenue of C$50.62 million during the quarter, compared to analyst estimates of C$52.60 million. On average, equities research analysts forecast that Kinaxis will post 1.38999993643067 EPS for the current fiscal year.

In related news, Senior Officer Richard George Monkman sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of C$75.44, for a total transaction of C$377,183.00. Following the completion of the sale, the insider now directly owns 102,027 shares of the company’s stock, valued at approximately C$7,696,569.99.

About Kinaxis

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. The company offers RapidResponse, which provide supply chain planning and analytics capabilities for managing various supply chain management processes, including demand planning, supply planning, inventory management, order fulfillment, capacity planning, and master scheduling, as well as sales and operations planning process.

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