Kinaxis (TSE:KXS) Price Target Raised to C$215.00

Kinaxis (TSE:KXS) had its price objective upped by ATB Capital from C$205.00 to C$215.00 in a research note released on Friday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts have also recently commented on the stock. Scotiabank decreased their target price on shares of Kinaxis from C$200.00 to C$190.00 in a research report on Thursday, August 29th. TD Securities decreased their price objective on shares of Kinaxis from C$195.00 to C$190.00 and set a “buy” rating on the stock in a report on Friday. Finally, Stifel Nicolaus dropped their target price on shares of Kinaxis from C$210.00 to C$195.00 and set a “buy” rating for the company in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$192.67.

Kinaxis Stock Up 7.3 %

KXS stock opened at C$166.00 on Friday. Kinaxis has a one year low of C$132.93 and a one year high of C$172.83. The firm has a market cap of C$4.69 billion, a PE ratio of 166.00, a PEG ratio of 3.60 and a beta of 0.78. The firm’s 50 day moving average price is C$155.24 and its 200-day moving average price is C$154.32. The company has a debt-to-equity ratio of 12.40, a quick ratio of 2.29 and a current ratio of 1.90.

Kinaxis (TSE:KXS) last posted its earnings results on Wednesday, October 30th. The company reported C$0.47 EPS for the quarter, beating analysts’ consensus estimates of C$0.43 by C$0.04. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. The company had revenue of C$165.79 million for the quarter, compared to the consensus estimate of C$170.56 million. On average, equities research analysts anticipate that Kinaxis will post 4.2526231 EPS for the current year.

Insider Transactions at Kinaxis

In related news, Senior Officer Claire Ruth Rychlewski sold 4,392 shares of Kinaxis stock in a transaction on Friday, August 9th. The stock was sold at an average price of C$152.00, for a total value of C$667,584.00. In other news, Senior Officer Megan Paterson sold 3,172 shares of Kinaxis stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$156.28, for a total transaction of C$495,720.16. Following the completion of the sale, the insider now directly owns 121 shares of the company’s stock, valued at approximately C$18,909.88. The trade was a 0.00 % decrease in their position. Also, Senior Officer Claire Ruth Rychlewski sold 4,392 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of C$152.00, for a total transaction of C$667,584.00. Over the last 90 days, insiders have sold 8,265 shares of company stock valued at $1,268,146. 1.20% of the stock is currently owned by company insiders.

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.