Kinaxis Inc. (TSE:KXS) Receives C$192.11 Average PT from Analysts

Kinaxis Inc. (TSE:KXS) has been assigned a consensus rating of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$192.11.

A number of brokerages recently commented on KXS. Scotiabank reduced their price target on Kinaxis from C$200.00 to C$190.00 in a report on Thursday, August 29th. TD Securities reduced their price target on Kinaxis from C$200.00 to C$195.00 in a report on Friday, August 2nd. Stifel Nicolaus reduced their price target on Kinaxis from C$210.00 to C$195.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, ATB Capital reduced their target price on Kinaxis from C$215.00 to C$205.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd.

Insider Buying and Selling

In related news, Senior Officer Andrew William Robert Bell sold 701 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of C$149.56, for a total value of C$104,841.70. Following the sale, the insider now owns 831 shares of the company’s stock, valued at approximately C$124,284.53. This trade represents a 0.00 % decrease in their position. In other Kinaxis news, Director Angel Luis Mendez bought 1,400 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of C$148.96 per share, for a total transaction of C$208,537.00. Also, Senior Officer Andrew William Robert Bell sold 701 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of C$149.56, for a total value of C$104,841.70. Following the completion of the sale, the insider now owns 831 shares in the company, valued at approximately C$124,284.53. This represents a 0.00 % decrease in their ownership of the stock. In the last 90 days, insiders have sold 8,265 shares of company stock valued at $1,268,146. Insiders own 1.20% of the company’s stock.

Kinaxis Price Performance

KXS stock opened at C$157.35 on Thursday. The firm has a market cap of C$4.44 billion, a P/E ratio of 157.00, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. Kinaxis has a 1 year low of C$132.93 and a 1 year high of C$172.83. The company has a debt-to-equity ratio of 12.40, a quick ratio of 2.29 and a current ratio of 1.90. The stock has a 50-day simple moving average of C$154.84 and a 200-day simple moving average of C$154.15.

Kinaxis (TSE:KXS) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.42 EPS for the quarter, beating analysts’ consensus estimates of C$0.27 by C$0.15. The firm had revenue of C$161.83 million during the quarter, compared to the consensus estimate of C$160.55 million. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. On average, equities analysts predict that Kinaxis will post 4.2526231 earnings per share for the current fiscal year.

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.