Stifel Nicolaus Forecasts Strong Price Appreciation for Kinaxis (TSE:KXS) Stock

Key Points

• Stifel Nicolaus raised Kinaxis’s price target from C$200 to C$225 while maintaining a “buy” rating, implying 17.68% potential upside. Analysts have an overall consensus “Buy” rating and an average target of C$206.67.
• Kinaxis shares traded down 0.7% to C$191.20, despite trading above their 50-day and 200-day moving averages. The stock has a C$117.22–C$201.57 12-month range and a market capitalization of approximately C$5.2 billion.
• The company reported quarterly revenue of C$225.6 million and EPS of C$1.71, while insiders have sold 33,730 shares worth about C$5.88 million over the past 90 days.

Kinaxis (TSE:KXS - Get Free Report) had its price target lifted by stock analysts at Stifel Nicolaus from C$200.00 to C$225.00 in a report issued on Thursday, BayStreet reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus's target price indicates a potential upside of 17.68% from the company's current price.

KXS has been the subject of several other reports. BMO Capital Markets upped their target price on Kinaxis from C$195.00 to C$200.00 and gave the company an "outperform" rating in a report on Friday, August 7th. RBC Dominion Securities set a C$210.00 price objective on Kinaxis and gave the stock an "outperform" rating in a research note on Friday, October 23rd. National Bank Financial raised their price objective on Kinaxis from C$200.00 to C$210.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. Finally, Royal Bank Of Canada set a C$210.00 price target on Kinaxis and gave the company an "outperform" rating in a research report on Wednesday, August 26th. Eight investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of C$206.67.

Kinaxis Trading Down 0.7%

KXS stock traded down C$1.28 during midday trading on Thursday, hitting C$191.20. The stock had a trading volume of 60,387 shares, compared to its average volume of 124,323. The company's 50-day moving average price is C$179.91 and its 200 day moving average price is C$155.58. Kinaxis has a 12-month low of C$117.22 and a 12-month high of C$201.57. The firm has a market cap of C$5.20 billion, a PE ratio of 62.48, a price-to-earnings-growth ratio of 3.60 and a beta of 0.58. The company has a debt-to-equity ratio of 11.14, a current ratio of 1.88 and a quick ratio of 2.29.

Kinaxis (TSE:KXS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$1.71 earnings per share (EPS) for the quarter. Kinaxis had a return on equity of 20.88% and a net margin of 14.40%. The firm had revenue of C$225.60 million during the quarter. On average, equities research analysts predict that Kinaxis will post 4.25 earnings per share for the current fiscal year.

Insider Transactions at Kinaxis

In other news, Director Gillian H. (Jill) Denham sold 15,968 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of C$171.36, for a total transaction of C$2,736,276.48. Following the completion of the transaction, the director directly owned 18,732 shares in the company, valued at C$3,209,915.52. The trade was a 46.02% decrease in their ownership of the stock. Also, insider James Alexander Hollingworth sold 2,150 shares of the business's stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of C$178.94, for a total transaction of C$384,721.00. Following the transaction, the insider owned 4,772 shares in the company, valued at approximately C$853,901.68. The trade was a 31.06% decrease in their position. Over the last ninety days, insiders have sold 33,730 shares of company stock worth $5,877,368. 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.

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