Kinaxis (TSE:KXS) Given New C$205.00 Price Target at Canadian Imperial Bank of Commerce

Kinaxis (TSE:KXS) had its price objective boosted by Canadian Imperial Bank of Commerce from C$173.00 to C$205.00 in a report published on Friday,BayStreet.CA reports.

A number of other equities analysts also recently commented on the company. Stifel Nicolaus dropped their price objective on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Canaccord Genuity Group dropped their price objective on Kinaxis from C$225.00 to C$200.00 in a report on Friday, March 6th. Royal Bank Of Canada increased their price objective on Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. TD Securities dropped their price objective on Kinaxis from C$229.00 to C$200.00 and set a “buy” rating on the stock in a report on Friday, March 6th. Finally, National Bank Financial dropped their price objective on Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Kinaxis has an average rating of “Buy” and a consensus price target of C$200.00.

Kinaxis Price Performance

TSE KXS opened at C$166.78 on Friday. The company has a 50 day simple moving average of C$145.27 and a 200-day simple moving average of C$150.49. The company has a debt-to-equity ratio of 12.15, a current ratio of 1.72 and a quick ratio of 2.29. The firm has a market capitalization of C$4.56 billion, a price-to-earnings ratio of 56.73, a price-to-earnings-growth ratio of 3.60 and a beta of 0.72. Kinaxis has a 52-week low of C$117.22 and a 52-week high of C$212.45.

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

Insider Activity at Kinaxis

In other Kinaxis news, insider Conrad John Mandala sold 30,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$148.10, for a total transaction of C$4,443,000.00. Following the transaction, the insider owned 820 shares in the company, valued at C$121,442. This trade represents a 97.34% decrease in their ownership of the stock. Also, Director Robert G. Courteau sold 5,010 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of C$151.39, for a total value of C$758,463.90. Following the transaction, the director owned 32,945 shares in the company, valued at approximately C$4,987,543.55. This trade represents a 13.20% decrease in their position. In the last quarter, insiders have sold 35,934 shares of company stock worth $5,328,181. Corporate insiders own 1.20% of the company’s stock.

Kinaxis Company Profile

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.