Kinaxis (TSE:KXS) Price Target Cut to C$200.00 by Analysts at Scotiabank

Kinaxis (TSE:KXS) had its target price reduced by research analysts at Scotiabank from C$240.00 to C$200.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 64.99% from the stock’s previous close.

KXS has been the subject of several other research reports. National Bankshares set a C$240.00 target price on shares of Kinaxis and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Royal Bank Of Canada dropped their target price on Kinaxis from C$235.00 to C$200.00 and set an “outperform” rating on the stock in a research report on Monday, January 26th. Cibc Captl Mkts raised shares of Kinaxis from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 15th. TD Securities raised shares of Kinaxis to a “strong-buy” rating in a research note on Tuesday, January 13th. 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 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$219.00.

Kinaxis Stock Performance

Shares of Kinaxis stock traded down C$1.78 during midday trading on Wednesday, hitting C$121.22. The company had a trading volume of 207,109 shares, compared to its average volume of 115,008. The company has a fifty day simple moving average of C$167.07 and a 200 day simple moving average of C$179.34. The stock has a market cap of C$3.40 billion, a price-to-earnings ratio of 101.02, a PEG ratio of 3.60 and a beta of 0.68. 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 12-month low of C$120.26 and a 12-month high of C$212.45.

Kinaxis (TSE:KXS) last released its earnings results on Wednesday, November 5th. The company reported C$0.58 earnings per share (EPS) for the quarter. The firm 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%. As a group, analysts predict that Kinaxis will post 4.2526231 earnings per share for the current fiscal year.

Insider Activity at Kinaxis

In related news, insider Kushan Krishna Surana sold 222 shares of the firm’s stock in a transaction that occurred 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 owned 19 shares in the company, valued at C$3,370.79. This trade represents a 92.12% decrease in their position. Company insiders own 1.20% of the company’s stock.

About Kinaxis

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.