Kinaxis (TSE:KXS) Lowered to “Neutral” at CIBC

CIBC cut shares of Kinaxis (TSE:KXS) from an outperform rating to a neutral rating in a research report report published on Friday, BayStreet.CA reports. They currently have C$154.00 price target on the stock, down from their prior price target of C$180.00.

A number of other research firms also recently issued reports on KXS. National Bankshares decreased their target price on shares of Kinaxis from C$250.00 to C$225.00 and set an outperform rating for the company in a research report on Friday, March 1st. TD Securities cut their price objective on shares of Kinaxis from C$210.00 to C$200.00 and set a buy rating for the company in a report on Friday, March 1st. Royal Bank of Canada cut their price objective on shares of Kinaxis from C$220.00 to C$200.00 and set an outperform rating for the company in a report on Friday, March 1st. Eight Capital cut their price objective on shares of Kinaxis from C$230.00 to C$190.00 and set a buy rating for the company in a report on Friday, March 1st. Finally, Stifel Nicolaus cut their price objective on shares of Kinaxis from C$235.00 to C$215.00 and set a buy rating for the company in a report on Friday, March 1st. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Kinaxis presently has a consensus rating of Moderate Buy and an average price target of C$196.56.

Kinaxis Trading Up 1.0 %

TSE KXS opened at C$150.16 on Friday. The company has a market capitalization of C$4.26 billion, a PE ratio of 208.56, a P/E/G ratio of 3.60 and a beta of 0.77. The company has a fifty day moving average of C$150.17 and a 200 day moving average of C$152.02. Kinaxis has a 1 year low of C$129.13 and a 1 year high of C$191.51. The company has a debt-to-equity ratio of 11.91, a current ratio of 2.53 and a quick ratio of 2.29.

Kinaxis (TSE:KXS) last posted its earnings results on Wednesday, May 8th. The company reported C$0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.30 by C$0.06. The company had revenue of C$160.93 million during the quarter, compared to the consensus estimate of C$158.33 million. Kinaxis had a net margin of 3.38% and a return on equity of 3.42%. Research analysts forecast that Kinaxis will post 2.8913676 earnings per share for the current year.

Insider Transactions at Kinaxis

In other news, Director J. Ian Giffen sold 2,500 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of C$145.75, for a total transaction of C$364,381.00. In related news, Director J. Ian Giffen sold 2,500 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of C$145.75, for a total transaction of C$364,381.00. Also, Director John Ernest Sicard sold 13,533 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of C$148.46, for a total transaction of C$2,009,067.23. Insiders sold 34,650 shares of company stock valued at $5,253,452 over the last 90 days. 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.