Kinaxis Inc. (TSE:KXS) Receives C$205.00 Consensus Target Price from Analysts

Kinaxis Inc. (TSE:KXS - Get Free Report) has received an average rating of "Moderate Buy" from the seven analysts that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$205.00.

KXS has been the subject of several recent analyst reports. BMO Capital Markets raised their target price on shares of Kinaxis from C$190.00 to C$225.00 in a research note on Friday, May 9th. Royal Bank of Canada lifted their price objective on shares of Kinaxis from C$210.00 to C$225.00 in a research note on Friday, May 9th. CIBC lowered their price objective on shares of Kinaxis from C$175.00 to C$170.00 in a research note on Friday, February 28th. Stifel Nicolaus boosted their target price on shares of Kinaxis from C$195.00 to C$225.00 in a research report on Friday, May 9th. Finally, ATB Capital downgraded shares of Kinaxis from an "outperform" rating to a "sector perform" rating and set a C$210.00 target price for the company. in a research report on Friday, May 9th.

Insider Buying and Selling at Kinaxis

In related news, Senior Officer Christopher John Blaine Fitzgerald sold 2,177 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of C$156.26, for a total transaction of C$340,172.58. Also, Senior Officer Andrew William Robert Bell sold 683 shares of Kinaxis stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of C$155.62, for a total transaction of C$106,289.69. Following the sale, the insider now directly owns 831 shares in the company, valued at approximately C$129,321.72. The trade was a 45.11% decrease in their position. Over the last quarter, insiders sold 66,907 shares of company stock valued at $12,755,673. Corporate insiders own 1.20% of the company's stock.

Kinaxis Stock Down 1.0%

Shares of TSE KXS traded down C$1.96 during midday trading on Wednesday, reaching C$197.98. 79,892 shares of the company's stock traded hands, compared to its average volume of 90,302. 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 stock's 50 day simple moving average is C$172.41 and its 200-day simple moving average is C$171.00. Kinaxis has a one year low of C$132.93 and a one year high of C$201.44. The company has a market cap of C$3.98 billion, a price-to-earnings ratio of 196.49, a P/E/G ratio of 3.60 and a beta of 0.78.

Kinaxis Company Profile

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services.