Kinaxis Inc. (TSE:KXS - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$201.44 and last traded at C$201.35, with a volume of 110987 shares changing hands. The stock had previously closed at C$197.17.
Analysts Set New Price Targets
Several research firms have weighed in on KXS. ATB Capital cut 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. BMO Capital Markets increased their price objective on Kinaxis from C$190.00 to C$225.00 in a research report on Friday, May 9th. Royal Bank of Canada increased their price objective on Kinaxis from C$210.00 to C$225.00 in a research report on Friday, May 9th. Stifel Nicolaus increased their price objective on Kinaxis from C$195.00 to C$225.00 in a research report on Friday, May 9th. Finally, CIBC reduced their price objective on Kinaxis from C$175.00 to C$170.00 in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$205.00.
Check Out Our Latest Report on Kinaxis
Kinaxis Trading Up 2.1%
The firm has a 50-day moving average of C$169.24 and a 200-day moving average of C$170.02. The company has a debt-to-equity ratio of 12.12, a quick ratio of 2.29 and a current ratio of 1.89. The firm has a market capitalization of C$4.05 billion, a P/E ratio of 199.84, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78.
Insider Buying and Selling
In other Kinaxis news, Senior Officer Andrew William Robert Bell sold 2,064 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of C$156.80, for a total value of C$323,627.77. Following the completion of the sale, the insider now owns 831 shares in the company, valued at approximately C$130,297.81. This trade represents a 71.30% decrease in their position. Also, Senior Officer Christopher John Blaine Fitzgerald sold 2,177 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of C$156.26, for a total value of C$340,172.58. Insiders have sold a total of 4,924 shares of company stock worth $770,090 in the last ninety days. 1.20% of the stock is owned by 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.
See Also
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