Kinaxis (TSE:KXS) Price Target Raised to C$245.00 at Stifel Nicolaus

Key Points

• Stifel Nicolaus raised its price target for Kinaxis (TSE:KXS) from C$225.00 to C$245.00, suggesting an 18.16% potential upside from its current price.
• Recent reports show mixed analyst ratings, with two recommending a hold and four issuing a buy rating, indicating a consensus rating of "Moderate Buy" and an average target price of C$207.86.
• Insider trading activity indicates significant sales, with insiders collectively selling 77,493 shares worth over $15 million in the last quarter.

Kinaxis (TSE:KXS - Free Report) had its price target raised by Stifel Nicolaus from C$225.00 to C$245.00 in a research report report published on Thursday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on the company. ATB Capital lowered 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 increased their price target on Kinaxis from C$190.00 to C$225.00 in a research note on Friday, May 9th. Royal Bank Of Canada increased their price target on Kinaxis from C$210.00 to C$225.00 in a research note on Friday, May 9th. Finally, Atb Cap Markets lowered Kinaxis from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$207.86.

Kinaxis Stock Performance

Kinaxis stock traded down C$2.13 during trading on Thursday, reaching C$203.51. The company had a trading volume of 24,846 shares, compared to its average volume of 76,881. Kinaxis has a 52 week low of C$132.93 and a 52 week high of C$212.45. The firm's 50-day simple moving average is C$200.50 and its 200 day simple moving average is C$181.24. The firm has a market capitalization of C$4.09 billion, a price-to-earnings ratio of 201.98, a price-to-earnings-growth 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

In other news, Senior Officer Mark Justin Morgan sold 7,397 shares of the firm'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 David Peter Kelly sold 8,466 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of C$196.76, for a total value of C$1,665,769.31. Over the last quarter, insiders have sold 77,493 shares of company stock valued at $15,063,388. 1.20% of the stock is owned by corporate insiders.

Kinaxis Company Profile

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.