Kinaxis (TSE:KXS) Price Target Raised to C$245.00

Kinaxis (TSE:KXS) had its target price raised by National Bank Financial from C$210.00 to C$245.00 in a research report sent to investors on Monday,BayStreet reports. National Bank Financial currently has an outperform rating on the stock.

A number of other brokerages also recently commented on KXS. BMO Capital Markets upped their target price on Kinaxis from C$195.00 to C$200.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Stifel Nicolaus lifted their price target on Kinaxis from C$200.00 to C$225.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Royal Bank Of Canada set a C$210.00 price target on Kinaxis and gave the company an “outperform” rating in a research report on Wednesday, August 26th. Finally, RBC Dominion Securities set a C$210.00 price target on Kinaxis and gave the company an “outperform” rating in a report on Friday, October 23rd. Eight investment analysts have rated the stock with a Buy rating. According to MarketBeat, Kinaxis currently has a consensus rating of “Buy” and a consensus target price of C$210.56.

Kinaxis Trading Up 6.4%

TSE KXS opened at C$229.37 on Monday. The company has a market capitalization of C$6.21 billion, a PE ratio of 71.68, a P/E/G ratio of 3.60 and a beta of 0.43. The company has a fifty day moving average of C$185.26 and a 200 day moving average of C$157.60. Kinaxis has a 1 year low of C$117.22 and a 1 year high of C$229.76. The company has a debt-to-equity ratio of 11.18, a current ratio of 1.81 and a quick ratio of 2.29.

Kinaxis (TSE:KXS) last announced its quarterly earnings results on Wednesday, November 4th. The company reported C$1.72 earnings per share for the quarter. The company had revenue of C$228.16 million for the quarter. Kinaxis had a return on equity of 22.26% and a net margin of 14.33%. Research analysts forecast that Kinaxis will post 4.25 earnings per share for the current year.

Insider Activity

In related news, insider James Alexander Hollingworth sold 2,150 shares of Kinaxis stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of C$178.94, for a total value of C$384,721.00. Following the completion of the transaction, the insider owned 4,772 shares in the company, valued at C$853,901.68. The trade was a 31.06% decrease in their position. Also, insider David Peter Kelly sold 1,603 shares of Kinaxis stock in a transaction dated Monday, August 31st. The shares were sold at an average price of C$177.68, for a total value of C$284,821.04. Following the completion of the transaction, the insider owned 358 shares of the company’s stock, valued at approximately C$63,609.44. This represents a 81.74% decrease in their position. Over the last three months, insiders sold 14,762 shares of company stock worth $2,624,341. 1.20% of the stock is currently owned by corporate insiders.

About Kinaxis

Kinaxis is a leader in modern supply chain orchestration, powering complex global supply chains, and supporting the people who manage them. Our powerful, AI-infused supply chain orchestration platform, Maestro, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain – from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today’s volatility and disruption.