Kinaxis (TSE:KXS) Given a C$235.00 Price Target at Royal Bank Of Canada

Kinaxis (TSE:KXS) has been given a C$235.00 price target by equities research analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 37.37% from the stock’s previous close.

A number of other equities analysts also recently commented on the company. TD Securities raised their price objective on Kinaxis from C$225.00 to C$229.00 and gave the stock a “buy” rating in a report on Friday, November 7th. CIBC raised shares of Kinaxis from a “neutral” rating to an “outperform” rating and lifted their price target for the company from C$201.00 to C$203.00 in a research report on Monday, December 15th. National Bankshares set a C$240.00 price objective on shares of Kinaxis and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Finally, Cibc Captl Mkts raised shares of Kinaxis from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Kinaxis currently has an average rating of “Moderate Buy” and a consensus price target of C$228.38.

Kinaxis Trading Up 1.6%

Shares of KXS traded up C$2.70 during mid-day trading on Wednesday, reaching C$171.07. The company had a trading volume of 40,548 shares, compared to its average volume of 57,833. Kinaxis has a fifty-two week low of C$149.96 and a fifty-two week high of C$212.45. The firm has a fifty day simple moving average of C$174.16 and a 200-day simple moving average of C$185.66. The stock has a market cap of C$4.80 billion, a price-to-earnings ratio of 142.56, a price-to-earnings-growth ratio of 3.60 and a beta of 0.81. The company has a current ratio of 1.89, a quick ratio of 2.29 and a debt-to-equity ratio of 12.12.

Kinaxis (TSE:KXS) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$0.58 EPS for the quarter. Kinaxis had a return on equity of 4.69% and a net margin of 4.33%.The business had revenue of C$187.41 million during the quarter. On average, sell-side analysts anticipate that Kinaxis will post 4.2526231 EPS for the current fiscal year.

Insider Buying and Selling at Kinaxis

In related news, insider Kushan Krishna Surana sold 222 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of C$177.41, for a total transaction of C$39,385.02. Following the completion of the sale, the insider directly owned 19 shares of the company’s stock, valued at approximately C$3,370.79. This trade represents a 92.12% decrease in their position. Company insiders own 1.20% of the company’s stock.

About Kinaxis

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm’s flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation. Kinaxis’s S&OP solution capabilities include supply and demand planning, capacity and inventory planning, and inventory management. The firm has operations in North America, Europe, and Asia-Pacific regions.