Kinaxis (TSE:KXS) PT Set at C$210.00 by Royal Bank of Canada

Kinaxis (TSE:KXS) received a C$210.00 price target from Royal Bank of Canada in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 31.79% from the stock’s current price.

Separately, CIBC lowered their price objective on shares of Kinaxis from C$175.00 to C$170.00 in a research report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$195.00.

Kinaxis Trading Up 1.1 %

Shares of Kinaxis stock traded up C$1.78 during mid-day trading on Friday, hitting C$159.34. The stock had a trading volume of 18,685 shares, compared to its average volume of 88,038. The firm has a market cap of C$3.21 billion, a P/E ratio of 158.14, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. Kinaxis has a 12-month low of C$132.93 and a 12-month high of C$190.17. The company has a quick ratio of 2.29, a current ratio of 1.89 and a debt-to-equity ratio of 12.12. The firm has a 50-day moving average of C$165.04 and a two-hundred day moving average of C$165.53.

Insider Activity at Kinaxis

In other news, Senior Officer Andrew William Robert Bell sold 2,064 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 831 shares of the company’s stock, valued at approximately C$130,297.81. This represents a 71.30 % decrease in their ownership of the stock. Also, Senior Officer Christopher John Blaine Fitzgerald sold 2,177 shares of Kinaxis stock in a transaction on Thursday, March 13th. The shares were sold at an average price of C$156.26, for a total transaction of C$340,172.58. Insiders sold a total of 5,524 shares of company stock valued at $876,371 over the last ninety days. 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.