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

Shares of Kinaxis Inc. (TSE:KXS) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$195.00.

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

Insider Activity at Kinaxis

In related news, Senior Officer Christopher John Blaine Fitzgerald sold 2,177 shares of Kinaxis stock in a transaction 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. Also, Senior Officer Andrew William Robert Bell sold 683 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of C$155.62, for a total value of C$106,289.69. Following the sale, the insider now owns 831 shares of the company’s stock, valued at approximately C$129,321.72. This trade represents a 45.11 % decrease in their position. Over the last three months, insiders have sold 4,924 shares of company stock valued at $770,090. Corporate insiders own 1.20% of the company’s stock.

Kinaxis Trading Down 1.1 %

Shares of KXS opened at C$156.63 on Tuesday. The business’s 50-day moving average price is C$163.73 and its 200 day moving average price is C$165.94. The company has a current ratio of 1.89, a quick ratio of 2.29 and a debt-to-equity ratio of 12.12. The stock has a market capitalization of C$3.15 billion, a P/E ratio of 155.45, a P/E/G ratio of 3.60 and a beta of 0.78. Kinaxis has a 1-year low of C$132.93 and a 1-year high of C$190.17.

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.