Kinaxis Inc. (TSE:KXS) Receives C$192.67 Average PT from Analysts

Kinaxis Inc. (TSE:KXS) has earned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$192.67.

Several equities analysts recently commented on the stock. ATB Capital raised their target price on shares of Kinaxis from C$205.00 to C$215.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. TD Securities cut their price objective on Kinaxis from C$195.00 to C$190.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Scotiabank lowered their target price on Kinaxis from C$200.00 to C$190.00 in a report on Thursday, August 29th.

Insider Buying and Selling

In other news, Senior Officer David Peter Kelly sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of C$162.21, for a total value of C$243,319.95. Also, Director John Ernest Sicard sold 24,147 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of C$167.91, for a total transaction of C$4,054,585.55. Insiders sold a total of 53,000 shares of company stock valued at $9,086,865 in the last three months. Insiders own 1.20% of the company’s stock.

Kinaxis Price Performance

Shares of KXS stock opened at C$181.90 on Friday. The business has a fifty day simple moving average of C$167.73 and a 200 day simple moving average of C$159.11. The company has a market cap of C$5.14 billion, a P/E ratio of 181.90, 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 1.90 and a debt-to-equity ratio of 12.40. Kinaxis has a twelve month low of C$132.93 and a twelve month high of C$190.17.

Kinaxis (TSE:KXS) last posted its earnings results on Wednesday, October 30th. The company reported C$0.47 EPS for the quarter, topping analysts’ consensus estimates of C$0.43 by C$0.04. Kinaxis had a net margin of 4.59% and a return on equity of 4.87%. The firm had revenue of C$165.79 million during the quarter, compared to analysts’ expectations of C$170.56 million. On average, sell-side analysts forecast that Kinaxis will post 4.2526231 EPS for the current fiscal year.

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.