Kinaxis (TSE:KXS) Given a C$210.00 Price Target by Royal Bank Of Canada Analysts

Key Points

• Royal Bank of Canada set a C$210 price target for Kinaxis and maintained an “outperform” rating, implying 21.63% upside from the stock’s current price.
• Analyst sentiment remains positive: all seven analysts rate Kinaxis a Buy, with a consensus rating of “Buy” and an average price target of C$203.12.
• Kinaxis shares fell 1.6% to C$172.66 in Wednesday trading. The company recently reported quarterly revenue of C$230.64 million and EPS of C$1.08, while insiders have sold about C$5.8 million of stock over the past 90 days.

Kinaxis (TSE:KXS - Get Free Report) received a C$210.00 price target from research analysts at Royal Bank Of Canada in a report released on Wednesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective would suggest a potential upside of 21.63% from the stock's current price.

Several other equities analysts also recently weighed in on the company. Stifel Nicolaus dropped their target price 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. BMO Capital Markets increased their price target on shares of Kinaxis from C$195.00 to C$200.00 and gave the stock an "outperform" rating in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce raised their price objective on shares of Kinaxis from C$173.00 to C$205.00 in a research note on Friday, June 5th. Finally, National Bank Financial upped their target price on shares of Kinaxis from C$200.00 to C$210.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$203.12.

Kinaxis Trading Down 1.6%

Shares of TSE:KXS traded down C$2.85 during mid-day trading on Wednesday, reaching C$172.66. 68,620 shares of the company were exchanged, compared to its average volume of 120,421. Kinaxis has a 1 year low of C$117.22 and a 1 year high of C$192.14. The company has a debt-to-equity ratio of 11.14, a current ratio of 1.88 and a quick ratio of 2.29. The firm's 50-day simple moving average is C$160.57 and its 200 day simple moving average is C$147.88. The firm has a market cap of C$4.69 billion, a price-to-earnings ratio of 56.42, a P/E/G ratio of 3.60 and a beta of 0.76.

Kinaxis (TSE:KXS - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported C$1.08 earnings per share (EPS) for the quarter. Kinaxis had a return on equity of 20.88% and a net margin of 14.40%.The company had revenue of C$230.64 million for the quarter. Equities research analysts forecast that Kinaxis will post 4.2526231 EPS for the current year.

Insider Buying and Selling

In other news, insider Andrew William Robert Bell sold 3,000 shares of Kinaxis stock in a transaction dated Friday, August 21st. The stock was sold at an average price of C$179.48, for a total value of C$538,440.00. Following the completion of the transaction, the insider owned 1,455 shares in the company, valued at approximately C$261,143.40. This trade represents a 67.34% decrease in their position. Also, insider Mark Justin Morgan sold 3,000 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of C$172.25, for a total value of C$516,750.00. Following the transaction, the insider directly owned 10,299 shares of the company's stock, valued at approximately C$1,774,002.75. This represents a 22.56% decrease in their ownership of the stock. Insiders have sold 34,026 shares of company stock worth $5,795,539 over the last ninety days. Company 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.

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