Kinaxis (TSE:KXS) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Kinaxis (TSE:KXS) had its price objective lifted by equities research analysts at Stifel Nicolaus from C$225.00 to C$245.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 20.39% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada raised their price objective on shares of Kinaxis from C$210.00 to C$225.00 in a report on Friday, May 9th. ATB Capital downgraded shares of Kinaxis from an “outperform” rating to a “sector perform” rating and set a C$210.00 price target for the company. in a report on Friday, May 9th. BMO Capital Markets lifted their price target on shares of Kinaxis from C$190.00 to C$225.00 in a report on Friday, May 9th. Finally, Atb Cap Markets downgraded shares of Kinaxis from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$207.86.

Kinaxis Price Performance

TSE:KXS opened at C$203.51 on Thursday. The company has a 50-day moving average of C$200.50 and a 200-day moving average of C$181.13. The company has a market capitalization of C$4.09 billion, a price-to-earnings ratio of 201.98, a PEG ratio of 3.60 and a beta of 0.78. Kinaxis has a 52 week low of C$132.93 and a 52 week high of C$212.45. The company has a debt-to-equity ratio of 12.12, a quick ratio of 2.29 and a current ratio of 1.89.

Insider Activity

In other Kinaxis news, Senior Officer David Peter Kelly sold 8,466 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of C$196.76, for a total value of C$1,665,769.31. Also, Senior Officer Christopher John Blaine Fitzgerald sold 39,163 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of C$192.51, for a total transaction of C$7,539,159.47. Insiders sold a total of 77,493 shares of company stock worth $15,063,388 over the last ninety days. Corporate insiders own 1.20% of the company’s stock.

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.