Kinaxis Inc. (TSE:KXS) Stock Has Consensus Target Price of C$203.12 According to Brokerages

Shares of Kinaxis Inc. (TSE:KXS) have earned an average rating of “Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$203.12.

KXS has been the topic of a number of recent research reports. BMO Capital Markets increased their price objective on Kinaxis from C$195.00 to C$200.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Canadian Imperial Bank of Commerce lifted their target price on Kinaxis from C$173.00 to C$205.00 in a report on Friday, June 5th. National Bank Financial upped their price target on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Finally, Royal Bank Of Canada set a C$210.00 price target on shares of Kinaxis and gave the stock an “outperform” rating in a report on Wednesday, August 26th.

Insider Activity at Kinaxis

In related news, insider Mark Justin Morgan sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of C$172.25, for a total transaction of C$516,750.00. Following the sale, the insider owned 10,299 shares of the company’s stock, valued at approximately C$1,774,002.75. This represents a 22.56% decrease in their position. Also, insider Andrew William Robert Bell sold 3,000 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of C$179.48, for a total transaction of C$538,440.00. Following the completion of the sale, the insider owned 1,455 shares in the company, valued at C$261,143.40. This represents a 67.34% decrease in their ownership of the stock. Insiders have sold 33,730 shares of company stock valued at $5,877,368 in the last quarter. 1.20% of the stock is currently owned by company insiders.

Kinaxis Trading Down 1.5%

TSE:KXS opened at C$175.04 on Friday. The company has a market cap of C$4.76 billion, a P/E ratio of 57.20, a P/E/G ratio of 3.60 and a beta of 0.71. The stock’s fifty day moving average price is C$173.53 and its two-hundred day moving average price is C$156.81. Kinaxis has a 1 year low of C$117.22 and a 1 year high of C$186.98. The company has a debt-to-equity ratio of 11.14, a current ratio of 1.88 and a quick ratio of 2.29.

Kinaxis (TSE:KXS) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$1.08 earnings per share for the quarter. Kinaxis had a return on equity of 20.88% and a net margin of 14.40%.The company had revenue of C$230.64 million during the quarter. As a group, analysts expect that Kinaxis will post 4.2526231 EPS for the current year.

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.