Stifel Nicolaus Cuts Kinaxis (TSE:KXS) Price Target to C$195.00 (2024)

Kinaxis (TSE:KXS - Get Free Report) had its price objective cut by research analysts at Stifel Nicolaus from C$210.00 to C$195.00 in a research note issued on Friday, BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' target price indicates a potential upside of 33.32% from the stock's previous close.

Several other research firms have also weighed in on KXS. CIBC lowered shares of Kinaxis from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from C$180.00 to C$154.00 in a research note on Friday, June 21st. ATB Capital dropped their price target on Kinaxis from C$215.00 to C$205.00 and set an "outperform" rating on the stock in a research report on Friday. TD Securities cut their price target on Kinaxis from C$200.00 to C$195.00 in a report on Friday. Finally, Scotiabank lowered their price objective on Kinaxis from C$200.00 to C$190.00 and set an "outperform" rating for the company in a research note on Friday. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$192.11.

Get Our Latest Report on KXS

Kinaxis Stock Performance

TSE:KXS traded down C$8.29 during trading hours on Friday, reaching C$146.26. 136,046 shares of the stock were exchanged, compared to its average volume of 60,485. The stock has a market capitalization of C$4.15 billion, a P/E ratio of 202.78, a P/E/G ratio of 3.60 and a beta of 0.77. The firm has a 50 day simple moving average of C$156.23 and a 200-day simple moving average of C$154.62. 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 52 week low of C$129.13 and a 52 week high of C$172.83.

Kinaxis (TSE:KXS - Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported C$0.36 EPS for the quarter, topping 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 firm had revenue of C$160.93 million during the quarter, compared to the consensus estimate of C$158.33 million. As a group, sell-side analysts forecast that Kinaxis will post 2.8913676 earnings per share for the current fiscal year.

Insider Activity

In related news, Senior Officer Stefanie Ann Gordish sold 214 shares of the company's stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of C$150.24, for a total value of C$32,152.34. Following the completion of the sale, the insider now owns 287 shares of the company's stock, valued at C$43,120.20. In other Kinaxis news, Senior Officer Stefanie Ann Gordish sold 214 shares of the company's stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of C$150.24, for a total value of C$32,152.34. Following the completion of the sale, the insider now directly owns 287 shares in the company, valued at C$43,120.20. Also, Director J. Ian Giffen sold 2,500 shares of Kinaxis stock in a transaction on Monday, June 3rd. The shares were sold at an average price of C$145.75, for a total value of C$364,381.00. Over the last ninety days, insiders have sold 34,650 shares of company stock valued at $5,253,452. Company insiders own 1.22% of the company's stock.

About Kinaxis

(Get Free Report)

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.

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