Kinaxis (TSE:KXS) Shares Pass Above 50-Day Moving Average of $150.28

Kinaxis Inc. (TSE:KXS)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$150.28 and traded as high as C$151.25. Kinaxis shares last traded at C$150.62, with a volume of 40,114 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KXS. Scotiabank lowered their price target on Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Eight Capital lowered their target price on Kinaxis from C$230.00 to C$190.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. Royal Bank of Canada cut their price target on Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating for the company in a research note on Friday, March 1st. CIBC lowered their price objective on shares of Kinaxis from C$185.00 to C$180.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. Finally, TD Securities dropped their price objective on shares of Kinaxis from C$210.00 to C$200.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$199.44.

Kinaxis Price Performance

The company has a quick ratio of 2.29, a current ratio of 2.53 and a debt-to-equity ratio of 11.91. The stock has a fifty day moving average of C$150.28 and a two-hundred day moving average of C$152.06. The stock has a market cap of C$4.27 billion, a price-to-earnings ratio of 209.19, a price-to-earnings-growth ratio of 3.60 and a beta of 0.77.

Kinaxis (TSE:KXS) last posted its quarterly earnings results on Wednesday, May 8th. The company reported C$0.36 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.30 by C$0.06. The business had revenue of C$160.93 million for the quarter, compared to analysts’ expectations of C$158.33 million. Kinaxis had a net margin of 3.38% and a return on equity of 3.42%. On average, equities research analysts anticipate that Kinaxis Inc. will post 2.8913676 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director J. Ian Giffen sold 2,500 shares of Kinaxis stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of C$145.75, for a total transaction of C$364,381.00. In related news, Director J. Ian Giffen sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of C$145.75, for a total value of C$364,381.00. Also, Director John Ernest Sicard sold 12,328 shares of Kinaxis stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of C$154.39, for a total value of C$1,903,365.53. Over the last three months, insiders have sold 34,650 shares of company stock worth $5,253,452. 1.22% of the stock is 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.