Shares of Kinaxis Inc. (TSE:KXS - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as C$201.44 and last traded at C$201.35, with a volume of 110987 shares trading hands. The stock had previously closed at C$197.17.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on KXS shares. ATB Capital lowered Kinaxis from an "outperform" rating to a "sector perform" rating and set a C$210.00 price target on the stock. in a report on Friday, May 9th. Royal Bank of Canada upped their price objective on Kinaxis from C$210.00 to C$225.00 in a report on Friday, May 9th. Atb Cap Markets cut Kinaxis from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Stifel Nicolaus upped their price target on Kinaxis from C$195.00 to C$225.00 in a research note on Friday, May 9th. Finally, BMO Capital Markets upped their target price on shares of Kinaxis from C$190.00 to C$225.00 in a research report on Friday, May 9th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$205.00.
Check Out Our Latest Stock Analysis on KXS
Kinaxis Trading Down 1.0%
The firm has a 50-day moving average price of C$172.41 and a 200-day moving average price of C$171.20. The company has a market capitalization of C$3.98 billion, a price-to-earnings ratio of 196.49, a PEG ratio of 3.60 and a beta of 0.78. The company has a current ratio of 1.89, a quick ratio of 2.29 and a debt-to-equity ratio of 12.12.
Insider Activity at Kinaxis
In other Kinaxis news, Senior Officer Andrew William Robert Bell sold 683 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of C$155.62, for a total value of C$106,289.69. Following the completion of the sale, the insider now directly owns 831 shares in the company, valued at approximately C$129,321.72. This trade represents a 45.11% decrease in their ownership of the stock. Also, Senior Officer Mark Justin Morgan sold 7,397 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of C$194.79, for a total value of C$1,440,849.79. Insiders have sold a total of 66,907 shares of company stock valued at $12,755,673 over the last quarter. 1.20% of the stock is owned by company insiders.
Kinaxis Company Profile
(
Get Free Report)
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.
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