Analysts Set Kinaxis Inc. (TSE:KXS) Price Target at C$192.67

Kinaxis Inc. (TSE:KXS) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$192.67.

A number of research analysts have commented on the stock. ATB Capital increased their price target 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 reduced their price target on Kinaxis from C$195.00 to C$190.00 and set a “buy” rating on the stock in a research report on Friday, November 1st.

Insider Buying and Selling at Kinaxis

In other news, Senior Officer Megan Paterson sold 9,512 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$167.76, for a total value of C$1,595,735.02. Following the transaction, the insider now directly owns 121 shares in the company, valued at C$20,298.98. This trade represents a 98.74 % decrease in their position. Also, Senior Officer David Peter Kelly sold 1,500 shares of the company’s stock in a transaction 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. In the last three months, insiders have sold 55,200 shares of company stock worth $9,478,652. Insiders own 1.20% of the company’s stock.

Kinaxis Price Performance

Shares of TSE:KXS opened at C$170.99 on Tuesday. The company has a 50 day moving average of C$174.04 and a 200 day moving average of C$162.48. The company has a current ratio of 1.90, a quick ratio of 2.29 and a debt-to-equity ratio of 12.40. The stock has a market cap of C$4.83 billion, a P/E ratio of 170.99, a P/E/G ratio of 3.60 and a beta of 0.78. Kinaxis has a 12 month low of C$132.93 and a 12 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 the consensus estimate of C$0.43 by C$0.04. The business had revenue of C$165.79 million during the quarter, compared to analysts’ expectations of C$170.56 million. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. As a group, 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.