BMO Capital Markets Issues Positive Forecast for Kinaxis (TSE:KXS) Stock Price

Kinaxis (TSE:KXS) had its target price lifted by BMO Capital Markets from C$195.00 to C$200.00 in a research note released on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also commented on KXS. Stifel Nicolaus reduced their price target on shares of Kinaxis from C$245.00 to C$200.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. National Bank Financial raised their target price on Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research note on Friday. Canadian Imperial Bank of Commerce lifted their target price on Kinaxis from C$173.00 to C$205.00 in a research report on Friday, June 5th. Finally, Royal Bank Of Canada lifted their target price on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$203.12.

Kinaxis Trading Up 2.0%

Shares of KXS opened at C$173.43 on Friday. Kinaxis has a 12-month low of C$117.22 and a 12-month high of C$204.85. The firm has a market capitalization of C$4.74 billion, a P/E ratio of 58.99, a P/E/G ratio of 3.60 and a beta of 0.76. The firm has a 50-day moving average price of C$158.09 and a 200 day moving average price of C$145.16. The company has a current ratio of 1.72, a quick ratio of 2.29 and a debt-to-equity ratio of 12.15.

Kinaxis (TSE:KXS) last posted its earnings results on Wednesday, August 5th. The company reported C$1.08 earnings per share for the quarter. The company had revenue of C$230.64 million for the quarter. Kinaxis had a net margin of 14.48% and a return on equity of 19.72%. Sell-side analysts forecast that Kinaxis will post 4.2526231 EPS for the current year.

Insider Buying and Selling at Kinaxis

In related news, Director Robert G. Courteau sold 5,010 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of C$151.39, for a total transaction of C$758,463.90. Following the transaction, the director owned 32,945 shares of the company’s stock, valued at approximately C$4,987,543.55. This represents a 13.20% decrease in their position. Also, insider Conrad John Mandala sold 30,000 shares of Kinaxis stock in a transaction dated Monday, May 11th. The shares were sold at an average price of C$148.10, for a total value of C$4,443,000.00. Following the completion of the transaction, the insider directly owned 820 shares of the company’s stock, valued at approximately C$121,442. This represents a 97.34% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 35,934 shares of company stock valued at $5,328,181. Company 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.