ATB Capital Lowers Kinaxis (TSE:KXS) Price Target to C$205.00

Kinaxis (TSE:KXS) had its price target lowered by ATB Capital from C$215.00 to C$205.00 in a research report report published on Friday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other research analysts have also recently issued research reports about the company. CIBC cut Kinaxis from an outperform rating to a neutral rating and lowered their target price for the company from C$180.00 to C$154.00 in a research note on Friday, June 21st. TD Securities reduced their price objective on Kinaxis from C$200.00 to C$195.00 in a research report on Friday. Finally, Scotiabank reduced their price objective on Kinaxis from C$200.00 to C$190.00 and set an outperform rating for the company in a research report on Friday. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of C$192.11.

Kinaxis Trading Down 5.4 %

Shares of KXS stock 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 debt-to-equity ratio of 11.91, a current ratio of 2.53 and a quick ratio of 2.29. The business has a 50-day moving average of C$156.17 and a 200 day 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 quarterly earnings data on Wednesday, May 8th. The company reported C$0.36 earnings per share for the quarter, topping the consensus estimate of C$0.30 by C$0.06. Kinaxis had a return on equity of 3.42% and a net margin of 3.38%. The business had revenue of C$160.93 million during the quarter, compared to analysts’ expectations of C$158.33 million. As a group, sell-side analysts anticipate that Kinaxis will post 2.8913676 earnings per share for the current year.

Insider Activity at Kinaxis

In other news, Senior Officer James Alexander Hollingworth sold 875 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$155.82, for a total value 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. In related 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 value of C$136,345.74. Following the sale, the insider now directly owns 745 shares in the company, valued at C$116,088.66. Also, Director J. Ian Giffen sold 5,200 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$155.41, for a total value of C$808,140.32. Over the last three months, insiders have sold 34,650 shares of company stock worth $5,253,452. Corporate insiders own 1.22% 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.