Kinaxis Inc. (TSE:KXS) Stock Now Rated “Buy” by Wall Street Brokerages

Kinaxis Inc. (TSE:KXS) has earned a consensus rating of “Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$203.12.

A number of brokerages recently issued reports on KXS. National Bank Financial increased their price objective on Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. BMO Capital Markets increased their price target on Kinaxis from C$195.00 to C$200.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, Royal Bank Of Canada set a C$210.00 price objective on shares of Kinaxis and gave the stock an “outperform” rating in a report on Wednesday, August 26th.

Insiders Place Their Bets

In other Kinaxis news, insider Andrew William Robert Bell sold 3,000 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of C$179.48, for a total transaction of C$538,440.00. Following the sale, the insider directly owned 1,455 shares of the company’s stock, valued at C$261,143.40. The trade was a 67.34% decrease in their position. Also, Director Robert G. Courteau sold 5,362 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of C$178.39, for a total transaction of C$956,527.18. Following the transaction, the director directly owned 37,898 shares in the company, valued at C$6,760,624.22. The trade was a 12.39% decrease in their ownership of the stock. Insiders have sold a total of 33,730 shares of company stock worth $5,877,368 over the last three months. Company insiders own 1.20% of the company’s stock.

Kinaxis Stock Up 2.9%

TSE KXS opened at C$194.88 on Wednesday. The stock has a market cap of C$5.30 billion, a PE ratio of 63.69, a P/E/G ratio of 3.60 and a beta of 0.58. Kinaxis has a fifty-two week low of C$117.22 and a fifty-two week high of C$196.21. The business has a 50 day moving average price of C$177.10 and a two-hundred day moving average price of C$160.84. The company has a quick ratio of 2.29, a current ratio of 1.88 and a debt-to-equity ratio of 11.14.

Kinaxis (TSE:KXS) last posted its quarterly earnings data on Wednesday, August 5th. The company reported C$1.71 EPS for the quarter. The firm had revenue of C$225.60 million for the quarter. Kinaxis had a net margin of 14.40% and a return on equity of 20.88%. As a group, sell-side analysts predict that Kinaxis will post 4.25 EPS for the current fiscal 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.