Kinaxis Inc. (TSE:KXS) Receives C$196.56 Average Target Price from Analysts

Kinaxis Inc. (TSE:KXS) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$196.56.

Separately, CIBC lowered Kinaxis from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from C$180.00 to C$154.00 in a report on Friday, June 21st.

Kinaxis Stock Performance

KXS opened at C$164.93 on Tuesday. The firm has a market cap of C$4.68 billion, a PE ratio of 229.07, a P/E/G ratio of 3.60 and a beta of 0.77. The company has a quick ratio of 2.29, a current ratio of 2.53 and a debt-to-equity ratio of 11.91. The business has a fifty day simple moving average of C$153.80 and a 200-day simple moving average of C$153.10. Kinaxis has a fifty-two week low of C$129.13 and a fifty-two week high of C$188.22.

Kinaxis (TSE:KXS) last released its earnings results on Wednesday, May 8th. The company reported C$0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.30 by C$0.06. Kinaxis had a return on equity of 3.42% and a net margin of 3.38%. The company had revenue of C$160.93 million during the quarter, compared to analyst estimates of C$158.33 million. As a group, equities analysts predict that Kinaxis will post 2.8913676 EPS for the current fiscal year.

Insider Buying and Selling at Kinaxis

In other Kinaxis news, Senior Officer James Alexander Hollingworth sold 875 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$155.82, for a total transaction of C$136,345.74. Following the transaction, the insider now directly owns 745 shares in the company, valued at C$116,088.66. In other news, Director J. Ian Giffen sold 5,200 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$155.41, for a total value of C$808,140.32. Also, Senior Officer James Alexander Hollingworth sold 875 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of C$155.82, for a total value of C$136,345.74. Following the completion of the sale, the insider now directly owns 745 shares in the company, valued at C$116,088.66. Insiders have sold a total of 34,650 shares of company stock worth $5,253,452 over the last three months. Corporate insiders own 1.22% of the company’s stock.

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.