Kinaxis Inc. (TSE:KXS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Kinaxis Inc. (TSE:KXS) have earned a consensus rating of “Moderate Buy” from the nine research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$192.67.

Several equities analysts have recently weighed in on the company. TD Securities lowered their price target 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. ATB Capital increased their target price on Kinaxis from C$205.00 to C$215.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Scotiabank cut their price target on Kinaxis from C$200.00 to C$190.00 in a research note on Thursday, August 29th. Finally, Stifel Nicolaus reduced their price target on shares of Kinaxis from C$210.00 to C$195.00 and set a “buy” rating for the company in a research report on Friday, August 2nd.

Kinaxis Stock Performance

Shares of TSE KXS opened at C$170.59 on Monday. The firm’s 50-day moving average price is C$160.91 and its 200-day moving average price is C$156.08. Kinaxis has a 52-week low of C$132.93 and a 52-week high of C$174.25. The company has a market cap of C$4.82 billion, a PE ratio of 170.59, a PEG 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 (TSE:KXS) last issued its quarterly earnings data on Wednesday, October 30th. The company reported C$0.47 earnings per share for the quarter, beating 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 company had revenue of C$165.79 million for the quarter, compared to the consensus estimate of C$170.56 million. As a group, analysts anticipate that Kinaxis will post 4.2526231 EPS for the current year.

Insider Buying and Selling

In other Kinaxis news, Director Robert G. Courteau purchased 2,800 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were bought at an average cost of C$138.01 per share, with a total value of C$386,428.00. Also, Director John Ernest Sicard sold 24,147 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$167.91, for a total value of C$4,054,585.55. In the last ninety days, insiders sold 28,819 shares of company stock valued at $4,793,626. 1.20% of the stock is owned by corporate 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.