RBC Dominion Securities Analysts Give Kinaxis (TSE:KXS) a C$210.00 Price Target

RBC Dominion Securities set a C$210.00 price target on Kinaxis (TSE:KXS) in a report issued on Friday,BayStreet reports. The brokerage currently has an outperform rating on the stock.

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

Kinaxis Stock Performance

Shares of Kinaxis stock opened at C$199.55 on Friday. The firm has a 50-day simple moving average of C$178.59 and a two-hundred day simple moving average of C$162.00. The company has a market cap of C$5.43 billion, a P/E ratio of 65.21, a price-to-earnings-growth ratio of 3.60 and a beta of 0.58. Kinaxis has a fifty-two week low of C$117.22 and a fifty-two week high of C$201.57. The company has a debt-to-equity ratio of 11.14, a quick ratio of 2.29 and a current ratio of 1.88.

Kinaxis (TSE:KXS) last announced its earnings results on Wednesday, August 5th. The company reported C$1.71 earnings per share (EPS) for the quarter. The firm had revenue of C$225.60 million for the quarter. Kinaxis had a return on equity of 20.88% and a net margin of 14.40%. As a group, equities analysts predict that Kinaxis will post 4.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider James Alexander Hollingworth sold 2,150 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of C$178.94, for a total transaction of C$384,721.00. Following the completion of the sale, the insider owned 4,772 shares in the company, valued at C$853,901.68. The trade was a 31.06% decrease in their ownership of the stock. Also, Director Gillian H. (Jill) Denham sold 15,968 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of C$171.36, for a total value of C$2,736,276.48. Following the sale, the director owned 18,732 shares of the company’s stock, valued at approximately C$3,209,915.52. The trade was a 46.02% decrease in their position. In the last quarter, insiders have sold 33,730 shares of company stock worth $5,877,368. 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.