Kinaxis (TSE:KXS) Share Price Passes Above 50-Day Moving Average of $156.47

Kinaxis Inc. (TSE:KXS – Get Rating)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$156.47 and traded as high as C$168.97. Kinaxis shares last traded at C$167.46, with a volume of 54,026 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. TD Securities raised their price objective on Kinaxis from C$200.00 to C$210.00 and gave the stock a “buy” rating in a report on Friday, March 3rd. Royal Bank of Canada raised their target price on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a report on Friday, March 3rd. Scotiabank raised their target price on Kinaxis from C$203.00 to C$225.00 in a report on Friday, March 3rd. ATB Capital raised their target price on Kinaxis from C$200.00 to C$210.00 in a report on Friday, March 3rd. Finally, BMO Capital Markets raised their target price on Kinaxis from C$185.00 to C$200.00 in a report on Friday, March 3rd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$217.50.

Kinaxis Stock Down 0.1 %

The company has a debt-to-equity ratio of 14.19, a quick ratio of 2.29 and a current ratio of 2.09. The firm has a fifty day simple moving average of C$156.47 and a 200-day simple moving average of C$149.40. The company has a market capitalization of C$4.60 billion, a PE ratio of 178.15, a P/E/G ratio of 3.60 and a beta of 0.82.

Insiders Place Their Bets

In other Kinaxis news, Senior Officer Jay Allan Muelhoefer sold 5,000 shares of Kinaxis stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of C$150.00, for a total transaction of C$750,000.00. Following the sale, the insider now directly owns 5,215 shares in the company, valued at approximately C$782,250. In other news, Senior Officer Michael David Mauger sold 4,000 shares of Kinaxis stock in a transaction that occurred on Friday, December 23rd. The stock was sold at an average price of C$146.01, for a total value of C$584,036.00. Also, Senior Officer Jay Allan Muelhoefer sold 5,000 shares of Kinaxis stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of C$150.00, for a total value of C$750,000.00. Following the completion of the transaction, the insider now owns 5,215 shares of the company’s stock, valued at approximately C$782,250. 0.11% of the stock is owned by company insiders.

Kinaxis Company Profile

(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.