National Bank Financial Issues Pessimistic Forecast for Kinaxis (TSE:KXS) Stock Price

Kinaxis (TSE:KXS) had its target price decreased by National Bank Financial from C$240.00 to C$200.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 40.98% from the company’s previous close.

Several other equities research analysts also recently commented on KXS. Royal Bank Of Canada increased their price objective on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Stifel Nicolaus cut their price objective on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. BMO Capital Markets increased their price objective on Kinaxis from C$180.00 to C$185.00 in a report on Friday, May 8th. Canadian Imperial Bank of Commerce cut their price objective on Kinaxis from C$203.00 to C$171.00 in a report on Friday, April 17th. Finally, TD Securities cut their price objective on Kinaxis from C$229.00 to C$200.00 and set a “buy” rating for the company in a report on Friday, March 6th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, Kinaxis currently has a consensus rating of “Buy” and an average price target of C$195.75.

Kinaxis Stock Down 1.2%

Shares of TSE KXS traded down C$1.78 during trading hours on Wednesday, hitting C$141.86. The company had a trading volume of 40,639 shares, compared to its average volume of 134,982. The stock has a market capitalization of C$3.88 billion, a P/E ratio of 48.25, a price-to-earnings-growth ratio of 3.60 and a beta of 0.68. The company has a quick ratio of 2.29, a current ratio of 1.72 and a debt-to-equity ratio of 12.15. Kinaxis has a 1-year low of C$117.22 and a 1-year high of C$212.45. The firm’s 50 day moving average is C$141.50 and its 200-day moving average is C$151.22.

Kinaxis (TSE:KXS) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$1.45 EPS for the quarter. The company had revenue of C$230.19 million during the quarter. Kinaxis had a return on equity of 19.72% and a net margin of 14.48%. On average, analysts expect that Kinaxis will post 4.2526231 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Conrad John Mandala sold 924 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of C$137.14, for a total value of C$126,717.36. Following the sale, the insider owned 820 shares in the company, valued at approximately C$112,454.80. This represents a 52.98% decrease in their position. Company insiders own 1.20% of the company’s stock.

About Kinaxis

Kinaxis is a leader in modern supply chain orchestration, powering complex global supply chains, and supporting the people who manage them. Our powerful, AI-infused supply chain orchestration platform, Maestro, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain – from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today’s volatility and disruption.