Brokerages Set Kinaxis Inc. (TSE:KXS) PT at C$192.11

Shares of Kinaxis Inc. (TSE:KXS) have been assigned an average rating of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$192.11.

KXS has been the subject of several research analyst reports. CIBC downgraded shares of Kinaxis from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from C$180.00 to C$154.00 in a research report on Friday, June 21st. ATB Capital dropped their target price on shares of Kinaxis from C$215.00 to C$205.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. TD Securities decreased their price target on shares of Kinaxis from C$200.00 to C$195.00 in a report on Friday, August 2nd. Scotiabank decreased their price target on shares of Kinaxis from C$200.00 to C$190.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Finally, Stifel Nicolaus decreased their price target on shares of Kinaxis from C$210.00 to C$195.00 and set a “buy” rating for the company in a report on Friday, August 2nd.

Insider Buying and Selling

In related news, Senior Officer Claire Ruth Rychlewski sold 4,392 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of C$152.00, for a total value of C$667,584.00. In related news, Senior Officer Claire Ruth Rychlewski sold 4,392 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of C$152.00, for a total value of C$667,584.00. Also, Director J. Ian Giffen sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of C$145.75, for a total transaction of C$364,381.00. Insiders have sold 33,628 shares of company stock worth $5,080,743 in the last ninety days. 1.22% of the stock is currently owned by corporate insiders.

Kinaxis Stock Down 0.8 %

Shares of KXS opened at C$151.58 on Friday. The firm has a market cap of C$4.30 billion, a PE ratio of 210.79, a price-to-earnings-growth ratio of 3.60 and a beta of 0.77. The company’s fifty day moving average is C$156.45 and its two-hundred day moving average is C$153.82. Kinaxis has a fifty-two week low of C$129.13 and a fifty-two week high of C$172.83. The company has a quick ratio of 2.29, a current ratio of 2.53 and a debt-to-equity ratio of 11.91.

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.