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

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

Several brokerages have recently commented on KXS. TD Securities lowered their price objective on Kinaxis from C$195.00 to C$190.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. ATB Capital boosted their price target on Kinaxis from C$205.00 to C$215.00 and gave the stock an “outperform” rating in a report on Friday, November 1st.

Kinaxis Price Performance

Shares of TSE:KXS opened at C$170.99 on Tuesday. The company has a market capitalization of C$4.83 billion, a P/E ratio of 170.99, a P/E/G 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$190.17. The firm’s 50 day simple moving average is C$174.04 and its two-hundred day simple moving average is C$162.48. 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 released its earnings results on Wednesday, October 30th. The company reported C$0.47 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.43 by C$0.04. The company had revenue of C$165.79 million for the quarter, compared to analysts’ expectations of C$170.56 million. Kinaxis had a net margin of 4.59% and a return on equity of 4.87%. Research analysts expect that Kinaxis will post 4.2526231 EPS for the current fiscal year.

Insider Buying and Selling at Kinaxis

In related news, Senior Officer Megan Paterson sold 9,512 shares of Kinaxis stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$167.76, for a total transaction of C$1,595,735.02. Following the completion of the transaction, the insider now directly owns 121 shares of the company’s stock, valued at approximately C$20,298.98. The trade was a 98.74 % decrease in their position. Also, Senior Officer David Peter Kelly sold 1,500 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of C$162.21, for a total transaction of C$243,319.95. Insiders sold 55,200 shares of company stock worth $9,478,652 over the last 90 days. 1.20% of the stock is owned by insiders.

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.