TD Securities Lowers Kinaxis (TSE:KXS) Price Target to C$190.00

Kinaxis (TSE:KXS) had its price objective lowered by TD Securities from C$195.00 to C$190.00 in a research report report published on Friday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also weighed in on KXS. ATB Capital reduced their target price on Kinaxis from C$215.00 to C$205.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Scotiabank decreased their price objective on shares of Kinaxis from C$200.00 to C$190.00 in a report on Thursday, August 29th. Finally, Stifel Nicolaus dropped their target price on shares of Kinaxis from C$210.00 to C$195.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Kinaxis presently has an average rating of “Moderate Buy” and an average price target of C$192.67.

Kinaxis Stock Performance

Shares of TSE:KXS opened at C$166.00 on Friday. The company has a current ratio of 1.90, a quick ratio of 2.29 and a debt-to-equity ratio of 12.40. Kinaxis has a 12 month low of C$132.93 and a 12 month high of C$172.83. The company has a market capitalization of C$4.69 billion, a price-to-earnings ratio of 166.00, a PEG ratio of 3.60 and a beta of 0.78. The firm’s 50-day moving average is C$155.24 and its 200 day moving average is C$154.32.

Kinaxis (TSE:KXS) last announced its earnings results on Wednesday, October 30th. The company reported C$0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.43 by C$0.04. The business had revenue of C$165.79 million during the quarter, compared to analyst estimates of C$170.56 million. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. Research analysts predict that Kinaxis will post 4.2526231 EPS for the current year.

Insider Buying and Selling

In related news, Director Robert G. Courteau bought 2,800 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were acquired at an average price of C$138.01 per share, with a total value of C$386,428.00. In related news, Director Robert G. Courteau bought 2,800 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were bought at an average price of C$138.01 per share, for a total transaction of C$386,428.00. Also, Senior Officer Megan Paterson sold 3,172 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$156.28, for a total transaction of C$495,720.16. Following the sale, the insider now directly owns 121 shares of the company’s stock, valued at approximately C$18,909.88. The trade was a 0.00 % decrease in their ownership of the stock. Insiders sold 8,265 shares of company stock valued at $1,268,146 over the last 90 days. Corporate insiders own 1.20% 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.