Royal Bank Of Canada Issues Pessimistic Forecast for Kinaxis (TSE:KXS) Stock Price

Kinaxis (TSE:KXS) had its target price reduced by stock analysts at Royal Bank Of Canada from C$235.00 to C$200.00 in a report released on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 36.93% from the company’s current price.

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

Kinaxis Stock Down 1.1%

KXS opened at C$146.06 on Monday. Kinaxis has a one year low of C$145.40 and a one year high of C$212.45. The company has a debt-to-equity ratio of 12.12, a quick ratio of 2.29 and a current ratio of 1.89. The stock has a market capitalization of C$4.10 billion, a P/E ratio of 121.72, a price-to-earnings-growth ratio of 3.60 and a beta of 0.81. The business’s 50-day simple moving average is C$170.94 and its 200-day simple moving average is C$181.60.

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

Insider Buying and Selling at Kinaxis

In other news, insider Kushan Krishna Surana sold 222 shares of Kinaxis stock in a transaction that occurred on Monday, November 10th. The shares were 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 owned 19 shares in the company, valued at approximately C$3,370.79. The trade was a 92.12% decrease in their ownership of the stock. 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.