Kinaxis Inc. (TSE:KXS) Receives C$192.67 Consensus Target Price from Brokerages

Kinaxis Inc. (TSE:KXS) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$192.67.

Several research analysts recently commented on KXS shares. Scotiabank reduced their target price on shares of Kinaxis from C$200.00 to C$190.00 in a report on Thursday, August 29th. TD Securities reduced their price objective on shares of Kinaxis from C$195.00 to C$190.00 and set a “buy” rating for the company in a research note on Friday, November 1st. ATB Capital upped their target price on Kinaxis from C$205.00 to C$215.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus decreased their price target on Kinaxis from C$210.00 to C$195.00 and set a “buy” rating for the company in a research note on Friday, August 2nd.

Insider Activity at Kinaxis

In related news, Director Robert G. Courteau purchased 2,800 shares of the stock in a transaction dated Wednesday, August 28th. The stock was bought at an average cost of C$138.01 per share, for a total transaction of C$386,428.00. Also, Director Angel Luis Mendez acquired 1,400 shares of the stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of C$148.96 per share, with a total value of C$208,537.00. Insiders sold 28,819 shares of company stock worth $4,793,626 in the last ninety days. 1.20% of the stock is owned by company insiders.

Kinaxis Stock Performance

KXS opened at C$170.59 on Monday. The company has a market capitalization of C$4.82 billion, a price-to-earnings ratio of 168.68, a P/E/G ratio of 3.60 and a beta of 0.78. The business’s 50-day moving average price is C$160.55 and its two-hundred day moving average price is C$155.95. Kinaxis has a 1 year low of C$132.93 and a 1 year high of C$174.25. The company has a debt-to-equity ratio of 12.40, a current ratio of 1.90 and a quick ratio of 2.29.

Kinaxis (TSE:KXS) last announced its earnings results on Wednesday, October 30th. The company reported C$0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.43 by C$0.04. The business had revenue of C$165.79 million for the quarter, compared to analyst estimates of C$170.56 million. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. Equities analysts expect that Kinaxis will post 4.2526231 EPS for the current fiscal year.

About Kinaxis

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.