Kinaxis (TSE:KXS) Rating Lowered to Neutral at CIBC

Kinaxis (TSE:KXS) was downgraded by investment analysts at CIBC from an “outperform” rating to a “neutral” rating in a research note issued to investors on Friday, BayStreet.CA reports. They presently have a C$154.00 price target on the stock, down from their previous price target of C$180.00. CIBC’s price target indicates a potential upside of 2.56% from the company’s current price.

Several other research firms also recently weighed in on KXS. Stifel Nicolaus lowered their price objective on shares of Kinaxis from C$235.00 to C$215.00 and set a “buy” rating on the stock in a report on Friday, March 1st. BMO Capital Markets lowered their price objective on shares of Kinaxis from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Eight Capital lowered their price objective on shares of Kinaxis from C$230.00 to C$190.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Royal Bank of Canada lowered their price objective on shares of Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Finally, TD Securities lowered their price objective on shares of Kinaxis from C$210.00 to C$200.00 and set a “buy” rating on the stock in a report on Friday, March 1st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$196.56.

Kinaxis Stock Up 1.0 %

Kinaxis stock opened at C$150.16 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.53 and a debt-to-equity ratio of 11.91. Kinaxis has a 12-month low of C$129.13 and a 12-month high of C$191.51. The firm’s fifty day moving average is C$150.17 and its 200 day moving average is C$152.01. The company has a market capitalization of C$4.26 billion, a PE ratio of 208.56, a PEG ratio of 3.60 and a beta of 0.77.

Kinaxis (TSE:KXS) last released 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. Kinaxis had a net margin of 3.38% and a return on equity of 3.42%. The company had revenue of C$160.93 million for the quarter, compared to the consensus estimate of C$158.33 million. As a group, sell-side analysts predict that Kinaxis will post 2.8913676 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Stefanie Ann Gordish sold 214 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of C$150.24, for a total transaction of C$32,152.34. Following the completion of the transaction, the insider now owns 287 shares in the company, valued at C$43,120.20. In related news, Director J. Ian Giffen sold 5,200 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$155.41, for a total transaction of C$808,140.32. Also, Senior Officer Stefanie Ann Gordish sold 214 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of C$150.24, for a total transaction of C$32,152.34. Following the transaction, the insider now owns 287 shares of the company’s stock, valued at approximately C$43,120.20. Insiders sold a total of 34,650 shares of company stock worth $5,253,452 over the last quarter. Insiders own 1.22% of the company’s stock.

Kinaxis Company Profile

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.