Kinaxis Inc. (TSE:KXS) Receives Consensus Rating of “Buy” from Analysts

Shares of Kinaxis Inc. (TSE:KXS) have received an average recommendation of “Buy” from the six analysts that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$200.00.

Several brokerages have recently commented on KXS. Royal Bank Of Canada increased their price objective on Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. BMO Capital Markets upped their price target on Kinaxis from C$180.00 to C$185.00 in a report on Friday, May 8th. Canadian Imperial Bank of Commerce raised their price objective on Kinaxis from C$173.00 to C$205.00 in a research note on Friday, June 5th. Stifel Nicolaus cut their price objective on shares of Kinaxis from C$245.00 to C$200.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Finally, National Bank Financial set a C$200.00 target price on shares of Kinaxis and gave the stock an “outperform” rating in a research note on Monday, July 20th.

Kinaxis Trading Up 0.9%

TSE:KXS opened at C$169.96 on Friday. The company has a debt-to-equity ratio of 12.15, a current ratio of 1.72 and a quick ratio of 2.29. Kinaxis has a one year low of C$117.22 and a one year high of C$204.85. The company has a market cap of C$4.64 billion, a PE ratio of 57.81, a PEG ratio of 3.60 and a beta of 0.76. The firm has a 50-day moving average of C$157.76 and a 200-day moving average of C$144.97.

Kinaxis (TSE:KXS) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$1.08 earnings per share (EPS) for the quarter. The business had revenue of C$230.64 million during the quarter. Kinaxis had a return on equity of 19.72% and a net margin of 14.48%. As a group, equities research analysts expect that Kinaxis will post 4.2526231 EPS for the current fiscal year.

Insider Transactions at Kinaxis

In related news, Director Robert G. Courteau sold 5,010 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of C$151.39, for a total transaction of C$758,463.90. Following the transaction, the director directly owned 32,945 shares in the company, valued at approximately C$4,987,543.55. The trade was a 13.20% decrease in their ownership of the stock. Also, insider Conrad John Mandala sold 30,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$148.10, for a total transaction of C$4,443,000.00. Following the completion of the sale, the insider directly owned 820 shares of the company’s stock, valued at C$121,442. The trade was a 97.34% decrease in their ownership of the stock. Insiders have sold 35,934 shares of company stock worth $5,328,181 over the last three months. 1.20% of the stock is owned by insiders.

About Kinaxis

Kinaxis is a leader in modern supply chain orchestration, powering complex global supply chains, and supporting the people who manage them. Our powerful, AI-infused supply chain orchestration platform, Maestro, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain – from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today’s volatility and disruption.