Kinaxis (TSE:KXS) Given New C$200.00 Price Target at Royal Bank Of Canada

Kinaxis (TSE:KXS) had its price target lowered by research analysts at Royal Bank Of Canada from C$235.00 to C$200.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 35.96% from the company’s previous close.

A number of other analysts also recently commented on KXS. TD Securities upgraded Kinaxis to a “strong-buy” rating in a research report on Tuesday, January 13th. Cibc Captl Mkts raised Kinaxis from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. CIBC raised shares of Kinaxis from a “neutral” rating to an “outperform” rating and boosted their price target for the company from C$201.00 to C$203.00 in a report on Monday, December 15th. Finally, National Bankshares set a C$240.00 price objective on shares of Kinaxis and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$224.00.

Kinaxis Stock Performance

TSE KXS traded down C$1.99 during trading on Monday, hitting C$147.10. The company’s stock had a trading volume of 70,448 shares, compared to its average volume of 89,533. Kinaxis has a 52 week low of C$146.65 and a 52 week high of C$212.45. The firm has a market cap of C$4.13 billion, a P/E ratio of 122.58, a price-to-earnings-growth ratio of 3.60 and a beta of 0.81. The firm has a 50 day moving average price of C$171.89 and a 200 day moving average price of C$182.32. 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 (TSE:KXS) last released its earnings results on Wednesday, November 5th. The company reported C$0.58 EPS for the quarter. Kinaxis had a net margin of 4.33% and a return on equity of 4.69%. The firm had revenue of C$187.41 million during the quarter. Equities research analysts forecast that Kinaxis will post 4.2526231 earnings per share for the current fiscal year.

Insider Buying and Selling at Kinaxis

In related news, insider Kushan Krishna Surana sold 222 shares of Kinaxis stock in a transaction dated Monday, November 10th. The stock was sold at an average price of C$177.41, for a total value of C$39,385.02. Following the completion of the transaction, the insider directly owned 19 shares of the company’s stock, valued at C$3,370.79. The trade was a 92.12% decrease in their ownership of the stock. Company insiders own 1.20% of the company’s stock.

Kinaxis Company Profile

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.