Kinaxis (TSE:KXS) Price Target Raised to C$229.00 at TD Securities

Kinaxis (TSE:KXS) had its price objective lifted by TD Securities from C$225.00 to C$229.00 in a research report released on Friday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other analysts have also recently issued reports about the company. CIBC boosted their price objective on Kinaxis from C$198.00 to C$201.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. National Bankshares set a C$240.00 price target on shares of Kinaxis and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Stifel Nicolaus upped their price objective on shares of Kinaxis from C$225.00 to C$245.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Royal Bank Of Canada lifted their target price on shares of Kinaxis from C$225.00 to C$235.00 in a research report on Friday, August 8th. Finally, Scotiabank boosted their target price 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. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$228.13.

Kinaxis Price Performance

Shares of TSE:KXS traded down C$2.45 during trading on Friday, reaching C$177.95. 104,208 shares of the company’s stock traded hands, compared to its average volume of 72,057. 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 fifty-two week low of C$149.96 and a fifty-two week high of C$212.45. The company has a 50-day simple moving average of C$181.20 and a 200-day simple moving average of C$191.52. The firm has a market cap of C$4.99 billion, a PE ratio of 148.29, a P/E/G ratio of 3.60 and a beta of 0.75.

Insider Buying and Selling at Kinaxis

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