TD Securities Boosts Kinaxis (TSE:KXS) Price Target to C$225.00

Key Points

• TD Securities has raised its price target for Kinaxis shares from C$190.00 to C$225.00, indicating a potential upside of 22.59% from the previous close, and maintains a "buy" rating.
• Other financial institutions, including Scotiabank and Royal Bank of Canada, have also increased their price targets for Kinaxis, with Scotiabank now at C$240.00 and RBC at C$235.00.
• Insider transactions indicate selling activity, with insiders selling a total of 8,656 shares recently, while only 1.20% of the stock is owned by insiders.

Kinaxis (TSE:KXS - Get Free Report) had its price objective lifted by TD Securities from C$190.00 to C$225.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' target price would suggest a potential upside of 22.59% from the stock's previous close.

Other analysts have also issued reports about the stock. Scotiabank lifted their price target on shares of Kinaxis from C$225.00 to C$240.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Royal Bank Of Canada raised their price target on Kinaxis from C$225.00 to C$235.00 in a research note on Friday, August 8th. Finally, Stifel Nicolaus boosted their target price on shares of Kinaxis from C$225.00 to C$245.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$221.43.

Kinaxis Stock Performance

Shares of KXS stock traded up C$1.95 on Friday, hitting C$183.54. 28,035 shares of the stock were exchanged, compared to its average volume of 73,168. Kinaxis has a one year low of C$149.96 and a one year high of C$212.45. The company has a current ratio of 1.89, a quick ratio of 2.29 and a debt-to-equity ratio of 12.12. The firm has a market capitalization of C$5.19 billion, a PE ratio of 213.42, a P/E/G ratio of 3.60 and a beta of 0.93. The firm's 50 day moving average is C$191.48 and its two-hundred day moving average is C$188.53.

Insiders Place Their Bets

In related news, insider Mark Justin Morgan sold 2,281 shares of Kinaxis stock in a transaction on Friday, August 15th. The stock was sold at an average price of C$198.63, for a total value of C$453,081.87. Following the transaction, the insider directly owned 11,000 shares in the company, valued at C$2,184,963. The trade was a 17.17% decrease in their position. Also, insider Andrew William Robert Bell sold 275 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of C$193.18, for a total transaction of C$53,124.50. Following the transaction, the insider directly owned 1,919 shares of the company's stock, valued at C$370,712.42. This represents a 12.53% decrease in their position. Insiders sold 8,656 shares of company stock worth $1,665,206 over the last three months. 1.20% of the stock is 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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