Brokerages Set Kinaxis Inc. (TSE:KXS) Target Price at C$216.43

Key Points

• Kinaxis Inc. has received a consensus recommendation of "Moderate Buy" from six research firms, with two hold ratings and four buy ratings.
• Recent target price upgrades from various analysts have increased, with Scotiabank setting a target at C$240.00 and Stifel Nicolaus raising it to C$245.00.
• Insider transactions show significant selling, with a total of 9,966 shares sold by insiders over the last ninety days, indicating a 81.33% decrease in a director's position.

Kinaxis Inc. (TSE:KXS - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$216.43.

Several equities research analysts have recently issued reports on KXS shares. Royal Bank Of Canada raised their price objective on shares of Kinaxis from C$225.00 to C$235.00 in a research note on Friday, August 8th. Stifel Nicolaus increased their price objective on shares of Kinaxis from C$225.00 to C$245.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Scotiabank raised their price target on Kinaxis from C$225.00 to C$240.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th.

Kinaxis Trading Down 1.0%

Shares of KXS stock traded down C$1.84 during trading hours on Tuesday, reaching C$183.29. 134,235 shares of the stock traded hands, compared to its average volume of 73,899. The firm has a market capitalization of C$5.18 billion, a PE ratio of 213.13, a PEG ratio of 3.60 and a beta of 0.93. The company has a quick ratio of 2.29, a current ratio of 1.89 and a debt-to-equity ratio of 12.12. The business has a fifty day moving average price of C$195.39 and a 200 day moving average price of C$187.29. Kinaxis has a 1-year low of C$149.96 and a 1-year high of C$212.45.

Insider Buying and Selling

In related news, Director Angel Luis Mendez sold 6,100 shares of the firm's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of C$190.00, for a total transaction of C$1,159,000.00. Following the sale, the director owned 1,400 shares of the company's stock, valued at C$266,000. This trade represents a 81.33% decrease in their position. Also, insider Andrew William Robert Bell sold 275 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of C$193.18, for a total transaction of C$53,124.50. Following the sale, the insider directly owned 1,919 shares in the company, valued at C$370,712.42. This trade represents a 12.53% decrease in their position. In the last 90 days, insiders sold 9,966 shares of company stock valued at $1,925,449. Company insiders own 1.20% of the company's stock.

About Kinaxis

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm's flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation.