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

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

Several other equities analysts have also issued reports on the company. Scotiabank decreased their price objective on Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. BMO Capital Markets boosted their price objective on Kinaxis from C$180.00 to C$185.00 in a research report on Friday, May 8th. Canaccord Genuity Group decreased their price objective on Kinaxis from C$225.00 to C$200.00 in a research report on Friday, March 6th. Stifel Nicolaus decreased their price objective on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Finally, TD Securities decreased their price objective on Kinaxis from C$229.00 to C$200.00 and set a “buy” rating for the company in a research report on Friday, March 6th. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$195.75.

Kinaxis Stock Down 1.2%

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

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

Insiders Place Their Bets

In other Kinaxis news, insider Conrad John Mandala sold 30,000 shares of the company’s 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 completion of the transaction, the insider owned 820 shares of the company’s stock, valued at C$121,442. This represents a 97.34% decrease in their position. 1.20% of the stock is currently owned by company insiders.

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.