Kinaxis (TSE:KXS) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

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 - Get Free Report) had its price target upped by stock analysts at Stifel Nicolaus from C$225.00 to C$245.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price objective indicates a potential upside of 18.16% from the stock's current price.

Other equities analysts also recently issued reports about the company. ATB Capital downgraded Kinaxis from an "outperform" rating to a "sector perform" rating and set a C$210.00 price objective on the stock. in a report on Friday, May 9th. Royal Bank Of Canada raised their price objective on Kinaxis from C$210.00 to C$225.00 in a report on Friday, May 9th. Atb Cap Markets downgraded Kinaxis from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, BMO Capital Markets raised their target price on Kinaxis from C$190.00 to C$225.00 in a report on Friday, May 9th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Kinaxis presently has a consensus rating of "Moderate Buy" and an average target price of C$207.86.

Kinaxis Price Performance

TSE:KXS traded up C$2.32 during trading hours on Thursday, hitting C$207.35. The company's stock had a trading volume of 19,616 shares, compared to its average volume of 76,969. 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 company has a market capitalization of C$4.17 billion, a PE ratio of 205.79, a PEG ratio of 3.60 and a beta of 0.78. Kinaxis has a 52-week low of C$132.93 and a 52-week high of C$212.45. The business's 50-day moving average is C$200.16 and its two-hundred day moving average is C$180.67.

Insider Buying and Selling

In other news, Director Robert G. Courteau sold 4,662 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$908,103.52. 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. In the last quarter, insiders have sold 77,493 shares of company stock worth $15,063,388. 1.20% of the stock is currently owned by 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.

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