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

Kinaxis Inc. (TSE:KXS) has been given an average rating of “Moderate Buy” by the nine analysts that are covering the company, Marketbeat reports. One 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 objective among brokers that have issued a report on the stock in the last year is C$192.67.

Several brokerages have issued reports on KXS. CIBC cut their price objective on Kinaxis from C$175.00 to C$170.00 in a research report on Friday. TD Securities cut their price objective on Kinaxis from C$195.00 to C$190.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, ATB Capital lifted their target price on Kinaxis from C$205.00 to C$215.00 and gave the company an “outperform” rating in a research note on Friday, November 1st.

Kinaxis Price Performance

Shares of Kinaxis stock traded down C$5.45 during midday trading on Friday, hitting C$155.14. 96,282 shares of the company were exchanged, compared to its average volume of 74,843. The firm has a 50 day simple moving average of C$169.79 and a 200-day simple moving average of C$164.76. The company has a debt-to-equity ratio of 12.12, a current ratio of 1.89 and a quick ratio of 2.29. Kinaxis has a 52 week low of C$132.93 and a 52 week high of C$190.17. The firm has a market cap of C$3.12 billion, a P/E ratio of 153.98, a PEG ratio of 3.60 and a beta of 0.78.

Insider Transactions at Kinaxis

In related news, Director John Ernest Sicard sold 7,323 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of C$185.05, for a total value of C$1,355,126.28. Also, Senior Officer Andrew William Robert Bell sold 600 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of C$177.14, for a total transaction of C$106,281.00. Following the transaction, the insider now directly owns 831 shares of the company’s stock, valued at C$147,199.19. This represents a 41.93 % decrease in their position. Insiders have sold 11,526 shares of company stock worth $2,117,570 in the last 90 days. Insiders own 1.20% of the company’s stock.

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.