Scotiabank Cuts Kinaxis (TSE:KXS) Price Target to C$200.00

Kinaxis (TSE:KXS) had its price target lowered by Scotiabank from C$240.00 to C$200.00 in a research note published on Wednesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other analysts have also recently issued reports about the company. Canadian Imperial Bank of Commerce upgraded Kinaxis from a “hold” rating to an “outperform” rating and upped their price target for the company from C$201.00 to C$203.00 in a research report on Monday, December 15th. National Bankshares set a C$240.00 target price on shares of Kinaxis and gave the company an “outperform” rating in a research note on Thursday, October 23rd. TD Securities raised shares of Kinaxis to a “strong-buy” rating in a report on Tuesday, January 13th. Finally, Royal Bank Of Canada cut their price target on shares of Kinaxis from C$235.00 to C$200.00 and set an “outperform” rating for the company in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$219.00.

Kinaxis Stock Performance

TSE KXS opened at C$127.42 on Wednesday. Kinaxis has a twelve month low of C$119.83 and a twelve month high of C$212.45. The company has a quick ratio of 2.29, a current ratio of 1.89 and a debt-to-equity ratio of 12.12. The stock has a market cap of C$3.52 billion, a P/E ratio of 106.18, a PEG ratio of 3.60 and a beta of 0.68. The company’s 50-day simple moving average is C$163.93 and its 200 day simple moving average is C$178.03.

Kinaxis (TSE:KXS) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$0.58 earnings per share for the quarter. Kinaxis had a return on equity of 4.69% and a net margin of 4.33%.The company had revenue of C$187.41 million for the quarter. As a group, research analysts forecast that Kinaxis will post 4.2526231 earnings per share for the current fiscal year.

Insider Transactions at Kinaxis

In other Kinaxis news, insider Kushan Krishna Surana sold 222 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of C$177.41, for a total transaction of C$39,385.02. Following the sale, the insider owned 19 shares of the company’s stock, valued at C$3,370.79. This represents a 92.12% decrease in their position. 1.20% of the stock is currently owned by company insiders.

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.