Kinaxis (TSE:KXS) Sets New 1-Year Low After Analyst Downgrade

Shares of Kinaxis Inc. (TSE:KXS) hit a new 52-week low during mid-day trading on Tuesday after Royal Bank Of Canada lowered their price target on the stock from C$235.00 to C$200.00. Royal Bank Of Canada currently has an outperform rating on the stock. Kinaxis traded as low as C$146.65 and last traded at C$147.66, with a volume of 96562 shares traded. The stock had previously closed at C$149.09.

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

Insider Transactions at Kinaxis

In related news, insider Kushan Krishna Surana sold 222 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately C$3,370.79. This trade represents a 92.12% decrease in their ownership of the stock. Company insiders own 1.20% of the company’s stock.

Kinaxis Price Performance

The company has a current ratio of 1.89, a quick ratio of 2.29 and a debt-to-equity ratio of 12.12. The stock has a 50-day moving average price of C$171.43 and a 200 day moving average price of C$181.95. The stock has a market capitalization of C$4.14 billion, a price-to-earnings ratio of 123.05, a PEG ratio of 3.60 and a beta of 0.81.

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

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.