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

Kinaxis Inc. (TSE:KXS) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to 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.

KXS has been the subject of several research analyst reports. CIBC lowered their target price on shares of Kinaxis from C$175.00 to C$170.00 in a report on Friday, February 28th. Royal Bank of Canada set a C$210.00 price objective on Kinaxis and gave the stock an “outperform” rating in a report on Friday, March 21st.

Insiders Place Their Bets

In other news, Senior Officer Andrew William Robert Bell sold 683 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of C$155.62, for a total transaction of C$106,289.69. Following the completion of the transaction, 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 position. Also, Senior Officer Christopher John Blaine Fitzgerald sold 2,177 shares of the firm’s 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 value of C$340,172.58. In the last quarter, insiders sold 4,924 shares of company stock worth $770,090. 1.20% of the stock is owned by insiders.

Kinaxis Trading Down 0.9 %

TSE:KXS opened at C$155.24 on Tuesday. The company has a debt-to-equity ratio of 12.12, a quick ratio of 2.29 and a current ratio of 1.89. Kinaxis has a 1 year low of C$132.93 and a 1 year high of C$190.17. The stock has a market cap of C$3.12 billion, a P/E ratio of 154.07, a P/E/G ratio of 3.60 and a beta of 0.78. The stock has a 50-day simple moving average of C$163.32 and a 200-day simple moving average of C$166.16.

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.