Royal Bank of Canada Reiterates C$210.00 Price Target for Kinaxis (TSE:KXS)

Kinaxis (TSE:KXS - Get Free Report) received a C$210.00 price objective from equities research analysts at Royal Bank of Canada in a research note issued on Friday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Royal Bank of Canada's target price suggests a potential upside of 32.23% from the company's current price.

Separately, CIBC cut their target price on Kinaxis from C$175.00 to C$170.00 in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Kinaxis presently has an average rating of "Moderate Buy" and a consensus price target of C$195.00.

Kinaxis Stock Down 0.6 %

Shares of KXS stock traded down C$1.02 during trading hours on Friday, hitting C$158.82. 92,433 shares of the company were exchanged, compared to its average volume of 89,051. The stock has a market capitalization of C$3.19 billion, a price-to-earnings ratio of 157.63, a P/E/G ratio of 3.60 and a beta of 0.78. Kinaxis has a one year low of C$132.93 and a one year high of C$190.17. The business's 50-day simple moving average is C$164.82 and its two-hundred day simple moving average is C$165.77. The company has a debt-to-equity ratio of 12.12, a quick ratio of 2.29 and a current ratio of 1.89.

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Insider Transactions at Kinaxis

In related news, Senior Officer Christopher John Blaine Fitzgerald sold 2,177 shares of the 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 2,064 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of C$156.80, for a total value of C$323,627.77. Following the sale, the insider now owns 831 shares in the company, valued at approximately C$130,297.81. The trade was a 71.30 % decrease in their position. Insiders have sold 4,924 shares of company stock valued at $770,090 in the last quarter. 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.