Royal Bank of Canada Reiterates C$210.00 Price Target for Kinaxis (TSE:KXS)

Royal Bank of Canada set a C$210.00 price objective on Kinaxis (TSE:KXS) in a report published on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Separately, CIBC cut their price target on shares of Kinaxis from C$175.00 to C$170.00 in a 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$195.00.

Kinaxis Price Performance

KXS stock opened at C$159.84 on Friday. The stock’s 50 day moving average is C$164.82 and its two-hundred day moving average is C$165.77. Kinaxis has a 52-week low of C$132.93 and a 52-week high of C$190.17. The company has a market capitalization of C$3.22 billion, a PE ratio of 158.64, a P/E/G ratio of 3.60 and a beta of 0.78. The company has a quick ratio of 2.29, a current ratio of 1.89 and a debt-to-equity ratio of 12.12.

Insider Activity

In other Kinaxis news, Senior Officer Christopher John Blaine Fitzgerald sold 2,177 shares of Kinaxis stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of C$156.26, for a total value of C$340,172.58. Also, Senior Officer Andrew William Robert Bell sold 683 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of C$155.62, for a total value of C$106,289.69. Following the transaction, the insider now directly owns 831 shares of the company’s stock, valued at C$129,321.72. This trade represents a 45.11 % decrease in their ownership of the stock. In the last ninety days, insiders sold 4,924 shares of company stock worth $770,090. 1.20% of the stock is currently owned by insiders.

Kinaxis Company Profile

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.