Kinaxis (TSE:KXS) PT Set at C$210.00 by Royal Bank of Canada

Kinaxis (TSE:KXS) has been given a C$210.00 price target by equities researchers at Royal Bank of Canada in a report issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 31.38% from the stock’s previous close.

Separately, CIBC lowered their target price on Kinaxis from C$175.00 to C$170.00 in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$195.00.

Kinaxis Trading Up 1.4 %

KXS stock opened at C$159.84 on Friday. The business has a fifty day moving average price of C$164.82 and a 200 day moving average price of C$165.77. Kinaxis has a fifty-two week low of C$132.93 and a fifty-two week high of C$190.17. The stock has a market capitalization of C$3.22 billion, a price-to-earnings ratio of 158.64, a P/E/G ratio of 3.60 and a beta of 0.78. The company has a debt-to-equity ratio of 12.12, a current ratio of 1.89 and a quick ratio of 2.29.

Insider Activity

In other news, Senior Officer Christopher John Blaine Fitzgerald sold 2,177 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of C$156.26, for a total value of C$340,172.58. Also, Senior Officer Andrew William Robert Bell sold 600 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of C$177.14, for a total value of C$106,281.00. Following the completion of the transaction, the insider now owns 831 shares in the company, valued at C$147,199.19. This represents a 41.93 % decrease in their ownership of the stock. In the last ninety days, insiders sold 5,524 shares of company stock valued at $876,371. Company insiders own 1.20% of the company’s stock.

About Kinaxis

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.