Kinaxis Inc. (TSE:KXS) Receives C$205.00 Average Price Target from Analysts

Kinaxis Inc. (TSE:KXS) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$205.00.

A number of analysts have recently commented on KXS shares. BMO Capital Markets boosted their price objective on shares of Kinaxis from C$190.00 to C$225.00 in a research report on Friday, May 9th. Royal Bank Of Canada boosted their price objective on shares of Kinaxis from C$210.00 to C$225.00 in a research report on Friday, May 9th. Stifel Nicolaus boosted their price objective on shares of Kinaxis from C$195.00 to C$225.00 in a research report on Friday, May 9th. Atb Cap Markets lowered shares of Kinaxis from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Finally, ATB Capital lowered shares of Kinaxis from an “outperform” rating to a “sector perform” rating and set a C$210.00 price objective on the stock. in a research report on Friday, May 9th.

Insider Activity

In other Kinaxis news, Senior Officer Vasile Gelu Ticala sold 3,534 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately C$119,796. This represents a 85.57% decrease in their ownership of the stock. Also, Senior Officer Conrad John Mandala sold 200 shares of the company’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$197.30, for a total transaction of C$39,460.00. Following the sale, the insider directly owned 703 shares in the company, valued at C$138,701.90. This trade represents a 22.15% decrease in their ownership of the stock. In the last three months, insiders sold 77,493 shares of company stock valued at $15,063,388. 1.20% of the stock is owned by corporate insiders.

Kinaxis Stock Down 0.0%

Kinaxis stock opened at C$201.07 on Thursday. The stock has a market capitalization of C$4.04 billion, a PE ratio of 199.56, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. Kinaxis has a twelve month low of C$132.93 and a twelve month high of C$205.00. The company has a quick ratio of 2.29, a current ratio of 1.89 and a debt-to-equity ratio of 12.12. The company has a 50 day moving average of C$196.92 and a 200-day moving average of C$177.29.

Kinaxis Company Profile

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services.