Kinaxis (TSE:KXS) Given New C$225.00 Price Target at Stifel Nicolaus

Kinaxis (TSE:KXS) had its target price hoisted by Stifel Nicolaus from C$200.00 to C$225.00 in a research report issued on Thursday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus‘s target price would suggest a potential upside of 17.68% from the stock’s previous close.

Several other research firms also recently commented on KXS. BMO Capital Markets raised their target price on Kinaxis from C$195.00 to C$200.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. RBC Dominion Securities set a C$210.00 price objective on Kinaxis and gave the stock an “outperform” rating in a research note on Friday, October 23rd. National Bank Financial lifted their price objective on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, 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 note on Wednesday, August 26th. Eight analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$206.67.

Kinaxis Price Performance

Shares of KXS stock traded down C$1.28 during mid-day trading on Thursday, reaching C$191.20. The company’s stock had a trading volume of 60,387 shares, compared to its average volume of 124,323. The firm’s 50-day moving average is C$179.91 and its two-hundred day moving average is C$155.58. The company has a market cap of C$5.20 billion, a P/E ratio of 62.48, a PEG ratio of 3.60 and a beta of 0.58. Kinaxis has a 1-year low of C$117.22 and a 1-year high of C$201.57. The company has a debt-to-equity ratio of 11.14, a quick ratio of 2.29 and a current ratio of 1.88.

Kinaxis (TSE:KXS) last posted its earnings results on Wednesday, August 5th. The company reported C$1.71 earnings per share for the quarter. The business had revenue of C$225.60 million for the quarter. Kinaxis had a net margin of 14.40% and a return on equity of 20.88%. On average, research analysts predict that Kinaxis will post 4.25 earnings per share for the current year.

Insider Transactions at Kinaxis

In other Kinaxis news, Director Robert G. Courteau sold 5,362 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of C$178.39, for a total value of C$956,527.18. Following the sale, the director owned 37,898 shares in the company, valued at approximately C$6,760,624.22. The trade was a 12.39% decrease in their position. Also, insider Andrew William Robert Bell sold 3,000 shares of the stock in a transaction 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 transaction, the insider 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 three months, insiders have sold 33,730 shares of company stock worth $5,877,368. Corporate insiders own 1.20% of the company’s stock.

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.