Royal Bank Of Canada Analysts Give Kinaxis (TSE:KXS) a C$210.00 Price Target

Royal Bank Of Canada set a C$210.00 price objective on Kinaxis (TSE:KXS) in a research report sent to investors on Wednesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

KXS has been the topic of several other research reports. Stifel Nicolaus dropped their price target on shares of Kinaxis from C$245.00 to C$200.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. BMO Capital Markets upped their price objective on shares of Kinaxis from C$195.00 to C$200.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce upped their price objective on shares of Kinaxis from C$173.00 to C$205.00 in a research report on Friday, June 5th. Finally, National Bank Financial raised their target price on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Kinaxis presently has an average rating of “Buy” and an average price target of C$203.12.

Kinaxis Stock Up 0.8%

Shares of TSE:KXS opened at C$178.68 on Wednesday. The company has a quick ratio of 2.29, a current ratio of 1.88 and a debt-to-equity ratio of 11.14. Kinaxis has a 52-week low of C$117.22 and a 52-week high of C$192.14. The company has a 50 day moving average of C$162.22 and a two-hundred day moving average of C$148.79. The company has a market capitalization of C$4.86 billion, a price-to-earnings ratio of 58.39, a price-to-earnings-growth ratio of 3.60 and a beta of 0.76.

Kinaxis (TSE:KXS) last posted its earnings results on Wednesday, August 5th. The company reported C$1.08 EPS for the quarter. The business had revenue of C$230.64 million for the quarter. Kinaxis had a net margin of 14.40% and a return on equity of 20.88%. As a group, analysts forecast that Kinaxis will post 4.2526231 earnings per share for the current fiscal year.

Insider Activity at Kinaxis

In other news, insider Megan Paterson sold 983 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of C$171.46, for a total transaction of C$168,545.18. Following the completion of the sale, the insider owned 320 shares of the company’s stock, valued at approximately C$54,867.20. This trade represents a 75.44% decrease in their ownership of the stock. Also, insider Andrew William Robert Bell sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of C$179.48, for a total transaction of C$538,440.00. Following the sale, the insider directly owned 1,455 shares of the company’s stock, valued at C$261,143.40. The trade was a 67.34% decrease in their position. In the last 90 days, insiders sold 29,016 shares of company stock worth $5,037,075. 1.20% of the stock is currently owned by insiders.

Kinaxis Company Profile

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.