Kinaxis (TSE:KXS) had its price objective upped by BMO Capital Markets from C$91.00 to C$95.00 in a research report released on Tuesday morning, BayStreet.CA reports.
KXS has been the subject of several other reports. Canaccord Genuity raised their price objective on Kinaxis from C$90.00 to C$92.00 in a research note on Friday, August 2nd. Royal Bank of Canada raised their price objective on Kinaxis from C$90.00 to C$95.00 and gave the company an outperform rating in a research note on Monday, May 13th.
TSE:KXS opened at C$81.73 on Tuesday. The company has a market cap of $2.20 billion and a price-to-earnings ratio of 131.82. Kinaxis has a 1 year low of C$60.01 and a 1 year high of C$100.68. The company has a 50 day moving average of C$81.87. The company has a debt-to-equity ratio of 5.46, a current ratio of 2.97 and a quick ratio of 2.88.
Kinaxis (TSE:KXS) last posted its quarterly earnings data on Friday, May 10th. The company reported C$0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.16 by C$0.19. The company had revenue of C$60.83 million during the quarter, compared to the consensus estimate of C$59.47 million. On average, analysts expect that Kinaxis will post 1.33 earnings per share for the current year.
In other news, Senior Officer Richard George Monkman sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of C$75.44, for a total value of C$377,183.00. Following the sale, the insider now directly owns 102,027 shares in the company, valued at C$7,696,569.99. Also, Director John Ernest Sicard sold 1,900 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of C$80.00, for a total value of C$152,000.00. Following the completion of the sale, the director now owns 48,989 shares in the company, valued at C$3,919,120. Insiders sold a total of 11,100 shares of company stock valued at $880,723 over the last ninety days.
Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. The company offers RapidResponse, which provide supply chain planning and analytics capabilities for managing various supply chain management processes, including demand planning, supply planning, inventory management, order fulfillment, capacity planning, and master scheduling, as well as sales and operations planning process.
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