Brokerages Set Kinaxis Inc. (TSE:KXS) PT at C$227.63

Shares of Kinaxis Inc. (TSE:KXS) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$228.13.

KXS has been the subject of a number of research reports. Stifel Nicolaus upped their target price on shares of Kinaxis from C$225.00 to C$245.00 and gave the company a “buy” rating in a report on Thursday, July 31st. National Bankshares set a C$240.00 price objective on Kinaxis and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Royal Bank Of Canada raised their target price on Kinaxis from C$225.00 to C$235.00 in a report on Friday, August 8th. TD Securities boosted their price target on Kinaxis from C$225.00 to C$229.00 and gave the company a “buy” rating in a report on Friday, November 7th. Finally, Scotiabank upped their price target on Kinaxis from C$225.00 to C$240.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th.

Insider Activity at Kinaxis

In other Kinaxis news, insider Mark Justin Morgan sold 2,281 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of C$198.63, for a total value of C$453,081.87. Following the completion of the transaction, the insider directly owned 11,000 shares in the company, valued at C$2,184,963. This represents a 17.17% decrease in their ownership of the stock. Also, insider Andrew William Robert Bell sold 275 shares of the 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 completion of the sale, the insider directly owned 1,919 shares of the company’s stock, valued at approximately C$370,712.42. This trade represents a 12.53% decrease in their ownership of the stock. In the last ninety days, insiders sold 8,656 shares of company stock worth $1,665,206. 1.20% of the stock is owned by company insiders.

Kinaxis Trading Down 1.3%

Kinaxis stock opened at C$174.96 on Wednesday. Kinaxis has a 52-week low of C$149.96 and a 52-week high of C$212.45. The company has a market cap of C$4.91 billion, a P/E ratio of 145.80, a P/E/G ratio of 3.60 and a beta of 0.75. The company has a quick ratio of 2.29, a current ratio of 1.89 and a debt-to-equity ratio of 12.12. The business has a 50-day simple moving average of C$180.69 and a two-hundred day simple moving average of C$191.68.

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.