Kinaxis (TSE:KXS) Price Target Raised to C$225.00

Kinaxis (TSE:KXS) had its price target hoisted by TD Securities from C$190.00 to C$225.00 in a research note released on Friday, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

KXS has been the subject of a number of other reports. Scotiabank lifted their price target on shares of Kinaxis from C$225.00 to C$240.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Royal Bank Of Canada raised their price objective on shares of Kinaxis from C$225.00 to C$235.00 in a research note on Friday, August 8th. Finally, Stifel Nicolaus boosted their target price on Kinaxis from C$225.00 to C$245.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Four research 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of C$221.43.

Kinaxis Stock Up 1.1%

TSE KXS opened at C$183.50 on Friday. The company has a quick ratio of 2.29, a current ratio of 1.89 and a debt-to-equity ratio of 12.12. Kinaxis has a 52 week low of C$149.96 and a 52 week high of C$212.45. The firm has a market capitalization of C$5.19 billion, a price-to-earnings ratio of 213.37, a PEG ratio of 3.60 and a beta of 0.77. The company has a fifty day moving average of C$190.98 and a two-hundred day moving average of C$189.14.

Insider Transactions at Kinaxis

In other news, insider Andrew William Robert Bell sold 275 shares of Kinaxis 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 completion of the sale, the insider owned 1,919 shares of the company’s stock, valued at approximately C$370,712.42. The trade was a 12.53% decrease in their ownership of the stock. Also, Director Angel Luis Mendez sold 6,100 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of C$190.00, for a total value of C$1,159,000.00. Following the completion of the sale, the director owned 1,400 shares of the company’s stock, valued at C$266,000. The trade was a 81.33% decrease in their position. Over the last three months, insiders have sold 8,656 shares of company stock valued at $1,665,206. 1.20% of the stock is currently owned by company insiders.

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.