Kinaxis (TSE:KXS) PT Set at C$210.00 by RBC Dominion Securities

Kinaxis (TSE:KXS) has been given a C$210.00 target price by analysts at RBC Dominion Securities in a research report issued on Friday, BayStreet reports. The firm presently has an “outperform” rating on the stock. RBC Dominion Securities‘s target price indicates a potential upside of 5.69% from the stock’s current price.

A number of other brokerages have also issued reports on KXS. National Bank Financial lifted their price target on shares of Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Royal Bank Of Canada set a C$210.00 price objective on shares of Kinaxis and gave the company an “outperform” rating in a research note on Wednesday, August 26th. Finally, BMO Capital Markets raised their price objective on shares of Kinaxis from C$195.00 to C$200.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Eight research analysts have rated the stock with a Buy rating. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$203.89.

Kinaxis Stock Up 0.1%

Shares of KXS traded up C$0.29 during trading on Friday, reaching C$198.69. The company’s stock had a trading volume of 45,197 shares, compared to its average volume of 123,248. The company has a fifty day moving average of C$178.07 and a two-hundred day moving average of C$161.60. Kinaxis has a twelve month low of C$117.22 and a twelve month high of C$201.57. The company has a market cap of C$5.40 billion, a price-to-earnings ratio of 64.93, a P/E/G ratio of 3.60 and a beta of 0.58. 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 (TSE:KXS) last released its earnings results on Wednesday, August 5th. The company reported C$1.71 EPS for the quarter. Kinaxis had a return on equity of 20.88% and a net margin of 14.40%. The company had revenue of C$225.60 million during the quarter. On average, sell-side analysts predict that Kinaxis will post 4.25 EPS for the current fiscal year.

Insider Activity

In other Kinaxis news, insider Mark Justin Morgan sold 3,000 shares of Kinaxis stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of C$172.25, for a total value of C$516,750.00. Following the completion of the transaction, the insider owned 10,299 shares of the company’s stock, valued at C$1,774,002.75. The trade was a 22.56% decrease in their ownership of the stock. Also, insider James Alexander Hollingworth sold 2,150 shares of the business’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of C$178.94, for a total transaction of C$384,721.00. Following the sale, the insider owned 4,772 shares of the company’s stock, valued at approximately C$853,901.68. The trade was a 31.06% decrease in their position. Insiders sold a total of 33,730 shares of company stock valued at $5,877,368 over the last three months. 1.20% of the stock is currently owned by company 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.