Scotiabank Raises Kinaxis (TSE:KXS) Price Target to C$240.00

Key Points

• Scotiabank has raised its target price for Kinaxis stock from C$225.00 to C$240.00, indicating a potential upside of 19.24% from its current price.
• Despite Scotiabank's positive outlook, ATB Capital downgraded Kinaxis from "outperform" to "sector perform" with a C$210.00 target, highlighting mixed analyst sentiments.
• Kinaxis stock reached a price of C$201.27 during mid-day trading, with a market cap of C$4.05 billion and a P/E ratio of 199.76.

Kinaxis (TSE:KXS - Free Report) had its price objective upped by Scotiabank from C$225.00 to C$240.00 in a report issued on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities analysts also recently commented on the stock. Royal Bank Of Canada boosted their price target on shares of Kinaxis from C$225.00 to C$235.00 in a research note on Friday. ATB Capital downgraded shares of Kinaxis from an "outperform" rating to a "sector perform" rating and set a C$210.00 price target for the company. in a research note on Friday, May 9th. BMO Capital Markets boosted their price target on shares of Kinaxis from C$190.00 to C$225.00 in a research note on Friday, May 9th. Stifel Nicolaus boosted their price target on shares of Kinaxis from C$225.00 to C$245.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Atb Cap Markets downgraded shares of Kinaxis from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Kinaxis presently has a consensus rating of "Moderate Buy" and an average target price of C$216.43.

Kinaxis Stock Up 0.8%

Shares of TSE:KXS traded up C$1.62 during trading on Friday, hitting C$197.77. The company's stock had a trading volume of 15,437 shares, compared to its average volume of 76,318. The business has a 50 day moving average price of C$200.84 and a two-hundred day moving average price of C$182.25. The company has a market capitalization of C$3.98 billion, a PE ratio of 196.29, a P/E/G ratio of 3.60 and a beta of 0.78. The company has a debt-to-equity ratio of 12.12, a quick ratio of 2.29 and a current ratio of 1.89. Kinaxis has a fifty-two week low of C$132.93 and a fifty-two week high of C$212.45.

Insider Activity

In related news, Senior Officer Conrad John Mandala sold 200 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of C$197.30, for a total transaction of C$39,460.00. Following the completion of the transaction, the insider owned 703 shares in the company, valued at approximately C$138,701.90. The trade was a 22.15% decrease in their ownership of the stock. Also, Senior Officer Vasile Gelu Ticala sold 3,534 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of C$201.00, for a total transaction of C$710,334.00. Following the transaction, the insider owned 596 shares of the company's stock, valued at approximately C$119,796. The trade was a 85.57% decrease in their position. In the last three months, insiders have sold 15,510 shares of company stock worth $3,077,806. 1.20% of the stock is currently owned by company insiders.

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.