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

Shares of Kinaxis Inc. (TSE:KXS) have received a consensus rating of “Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$200.75.

A number of equities research analysts have recently commented on the company. Scotiabank lowered their price objective on Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. BMO Capital Markets lifted their price objective on Kinaxis from C$180.00 to C$185.00 in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce lowered their price objective on Kinaxis from C$203.00 to C$171.00 in a research report on Friday, April 17th. Stifel Nicolaus lowered their price objective on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Finally, TD Securities lowered their price objective on Kinaxis from C$229.00 to C$200.00 and set a “buy” rating for the company in a research report on Friday, March 6th.

Insider Activity at Kinaxis

In other news, insider Conrad John Mandala sold 924 shares of Kinaxis stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of C$137.14, for a total value of C$126,717.36. Following the completion of the sale, the insider owned 820 shares of the company’s stock, valued at C$112,454.80. The trade was a 52.98% decrease in their ownership of the stock. 1.20% of the stock is currently owned by corporate insiders.

Kinaxis Stock Performance

Kinaxis stock opened at C$146.19 on Friday. The company has a debt-to-equity ratio of 12.15, a quick ratio of 2.29 and a current ratio of 1.72. The stock has a fifty day moving average of C$141.13 and a two-hundred day moving average of C$151.70. The company has a market capitalization of C$3.99 billion, a price-to-earnings ratio of 49.72, a PEG ratio of 3.60 and a beta of 0.68. Kinaxis has a fifty-two week low of C$117.22 and a fifty-two week high of C$212.45.

Kinaxis (TSE:KXS) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$1.45 earnings per share for the quarter. The company had revenue of C$230.19 million during the quarter. Kinaxis had a return on equity of 19.72% and a net margin of 14.48%. On average, analysts anticipate that Kinaxis will post 4.2526231 EPS for the current fiscal year.

About Kinaxis

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm’s flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation. Kinaxis’s S&OP solution capabilities include supply and demand planning, capacity and inventory planning, and inventory management. The firm has operations in North America, Europe, and Asia-Pacific regions.