Kinaxis (TSE:KXS) Price Target Raised to C$235.00 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised its target price for Kinaxis from C$225.00 to C$235.00, indicating a potential upside of 16.76% from the stock's current price.
• Kinaxis shares traded up C$5.50 during trading hours to reach C$201.27, with an average trading volume of 76,814 shares.
• Insider transactions revealed significant sales, with Senior Officer David Peter Kelly selling 8,466 shares for approximately C$1.67 million in total.

Kinaxis (TSE:KXS - Get Free Report) had its price objective increased by investment analysts at Royal Bank Of Canada from C$225.00 to C$235.00 in a report issued on Friday,BayStreet.CA reports. Royal Bank Of Canada's target price would indicate a potential upside of 18.82% from the stock's previous close.

Several other research firms have also recently issued reports on KXS. ATB Capital cut 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. Atb Cap Markets cut Kinaxis from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. BMO Capital Markets lifted their price objective on Kinaxis from C$190.00 to C$225.00 in a report on Friday, May 9th. Finally, Stifel Nicolaus raised their target price 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. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$216.43.

Kinaxis Price Performance

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

Insider Buying and Selling at Kinaxis

In other news, Senior Officer Michael David Mauger sold 1,310 shares of Kinaxis stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of C$198.66, for a total transaction of C$260,242.24. Also, Senior Officer Vasile Gelu Ticala sold 3,534 shares of Kinaxis stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of C$201.00, for a total transaction of C$710,334.00. Following the sale, the insider directly owned 596 shares in the company, valued at approximately C$119,796. The trade was a 85.57% decrease in their position. Over the last 90 days, insiders sold 15,510 shares of company stock valued at $3,077,806. Company insiders own 1.20% of the company's stock.

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.