Kinaxis Inc. (TSE:KXS) Receives C$195.00 Average Price Target from Analysts

Kinaxis Inc. (TSE:KXS) has received an average rating of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$195.00.

A number of research analysts recently commented on the company. Royal Bank of Canada set a C$210.00 target price on Kinaxis and gave the company an “outperform” rating in a research note on Friday, March 21st. CIBC dropped their price objective on shares of Kinaxis from C$175.00 to C$170.00 in a research note on Friday, February 28th.

Insiders Place Their Bets

In other Kinaxis news, Senior Officer Andrew William Robert Bell sold 683 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of C$155.62, for a total transaction of C$106,289.69. Following the sale, the insider now directly owns 831 shares of the company’s stock, valued at approximately C$129,321.72. This represents a 45.11 % decrease in their ownership of the stock. Also, Senior Officer Christopher John Blaine Fitzgerald sold 2,177 shares of Kinaxis stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of C$156.26, for a total transaction of C$340,172.58. Insiders sold 4,924 shares of company stock worth $770,090 over the last three months. 1.20% of the stock is currently owned by corporate insiders.

Kinaxis Trading Down 1.1 %

Kinaxis stock opened at C$156.63 on Tuesday. Kinaxis has a 12 month low of C$132.93 and a 12 month high of C$190.17. The stock has a market cap of C$3.15 billion, a price-to-earnings ratio of 155.45, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. The business has a 50 day moving average price of C$163.73 and a two-hundred day moving average price of C$165.94. The company has a quick ratio of 2.29, a current ratio of 1.89 and a debt-to-equity ratio of 12.12.

About Kinaxis

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.