Kinaxis (TSE:KXS) Stock Price Crosses Above Fifty Day Moving Average of $141.31

Kinaxis Inc. (TSE:KXSGet Rating)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$141.31 and traded as high as C$163.29. Kinaxis shares last traded at C$161.95, with a volume of 44,785 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KXS. ATB Capital increased their target price on Kinaxis from C$210.00 to C$240.00 and gave the stock a “buy” rating in a research report on Monday, May 9th. TD Securities reduced their target price on Kinaxis from C$230.00 to C$210.00 and set a “buy” rating on the stock in a research note on Monday, May 9th. National Bankshares raised their price objective on Kinaxis from C$225.00 to C$250.00 in a research note on Tuesday, April 26th. BMO Capital Markets reduced their price objective on Kinaxis from C$200.00 to C$185.00 in a research note on Monday, May 9th. Finally, Royal Bank of Canada dropped their target price on shares of Kinaxis from C$200.00 to C$175.00 and set an “outperform” rating for the company in a report on Monday, May 9th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kinaxis currently has a consensus rating of “Buy” and a consensus price target of C$212.75.

Kinaxis Stock Performance

The firm’s 50 day simple moving average is C$141.31 and its 200 day simple moving average is C$148.33. The company has a current ratio of 2.25, a quick ratio of 2.18 and a debt-to-equity ratio of 17.55. The firm has a market cap of C$4.47 billion and a PE ratio of 269.92.

Kinaxis (TSE:KXSGet Rating) last posted its earnings results on Thursday, May 5th. The company reported C$0.82 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.67 by C$0.15. The business had revenue of C$124.28 million during the quarter, compared to the consensus estimate of C$115.44 million. On average, research analysts forecast that Kinaxis Inc. will post 1.8791098 EPS for the current fiscal year.

Insiders Place Their Bets

In other Kinaxis news, Director Angel Luis Mendez sold 5,000 shares of the company’s stock in a transaction dated Friday, June 10th. The shares were sold at an average price of C$131.77, for a total value of C$658,841.50.

About Kinaxis

(Get Rating)

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Japan, Hong Kong, The Netherlands, South Korea, the United Kingdom, Singapore, France, Ireland, Germany, India, and Canada. It offers Kinaxis, a cloud-based software-as-a-service platform, which provides advanced planning, sales and operations planning, supply and demand planning, inventory management, and command and control center services.

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