Kinaxis Inc. (TSE:KXS) Receives C$205.00 Average Target Price from Brokerages

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

A number of research firms have commented on KXS. Stifel Nicolaus boosted their target price on Kinaxis from C$195.00 to C$225.00 in a research report on Friday, May 9th. Royal Bank of Canada boosted their price objective on Kinaxis from C$210.00 to C$225.00 in a research report on Friday, May 9th. BMO Capital Markets upped their target price on Kinaxis from C$190.00 to C$225.00 in a report on Friday, May 9th. Atb Cap Markets lowered shares of Kinaxis from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Finally, ATB Capital downgraded Kinaxis from an "outperform" rating to a "sector perform" rating and set a C$210.00 price target on the stock. in a research note on Friday, May 9th.

Kinaxis Stock Down 1.0%

Shares of KXS traded down C$1.96 during mid-day trading on Wednesday, reaching C$197.98. The company's stock had a trading volume of 79,892 shares, compared to its average volume of 90,302. Kinaxis has a 12-month low of C$132.93 and a 12-month high of C$201.44. The stock has a market cap of C$3.98 billion, a PE ratio of 196.49, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. The company has a debt-to-equity ratio of 12.12, a current ratio of 1.89 and a quick ratio of 2.29. The company's 50 day moving average is C$172.41 and its 200 day moving average is C$171.20.

Insider Activity

In related news, Senior Officer Mark Justin Morgan sold 7,397 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of C$194.79, for a total transaction of C$1,440,849.79. Also, Senior Officer Christopher John Blaine Fitzgerald sold 39,163 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of C$192.51, for a total transaction of C$7,539,159.47. In the last three months, insiders have sold 66,907 shares of company stock valued at $12,755,673. 1.20% of the stock is currently owned by insiders.

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.