TD Securities Forecasts Strong Price Appreciation for Kinaxis (TSE:KXS) Stock

Kinaxis (TSE:KXS) had its target price increased by equities research analysts at TD Securities from C$190.00 to C$225.00 in a research note issued to investors on Friday, Marketbeat reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 22.62% from the stock’s current price.

Other analysts have also recently issued reports about the company. Royal Bank Of Canada increased their price target on Kinaxis from C$225.00 to C$235.00 in a research report on Friday, August 8th. Stifel Nicolaus raised their target price on Kinaxis from C$225.00 to C$245.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Finally, Scotiabank lifted their target price on Kinaxis from C$225.00 to C$240.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$221.43.

Kinaxis Trading Up 1.1%

Shares of KXS opened at C$183.50 on Friday. The company has a debt-to-equity ratio of 12.12, a quick ratio of 2.29 and a current ratio of 1.89. The stock has a 50-day moving average price of C$190.98 and a 200 day moving average price of C$188.92. Kinaxis has a one year low of C$149.96 and a one year high of C$212.45. The company has a market capitalization of C$5.19 billion, a P/E ratio of 213.37, a P/E/G ratio of 3.60 and a beta of 0.93.

Insider Buying and Selling

In related news, insider Andrew William Robert Bell sold 275 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of C$193.18, for a total transaction of C$53,124.50. Following the sale, the insider directly owned 1,919 shares in the company, valued at approximately C$370,712.42. This represents a 12.53% decrease in their position. Also, Director Angel Luis Mendez sold 6,100 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of C$190.00, for a total transaction of C$1,159,000.00. Following the completion of the transaction, the director directly owned 1,400 shares in the company, valued at C$266,000. The trade was a 81.33% decrease in their position. Insiders sold 8,656 shares of company stock valued at $1,665,206 over the last quarter. Insiders own 1.20% of the company’s stock.

About Kinaxis

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.