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

Kinaxis Inc. (TSE:KXS) has been given an average recommendation of “Moderate Buy” by the nine research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$192.67.

Several brokerages recently weighed in on KXS. ATB Capital boosted their price target on shares of Kinaxis from C$205.00 to C$215.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Scotiabank reduced their target price on shares of Kinaxis from C$200.00 to C$190.00 in a report on Thursday, August 29th. Finally, TD Securities lowered their price target on shares of Kinaxis from C$195.00 to C$190.00 and set a “buy” rating for the company in a report on Friday, November 1st.

Insider Buying and Selling

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 sale, the insider now owns 121 shares in the company, valued at C$20,298.98. This trade represents a 98.74 % decrease in their position. Also, Director John Ernest Sicard sold 24,147 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$167.91, for a total transaction of C$4,054,585.55. Insiders have sold 53,000 shares of company stock valued at $9,086,865 in the last ninety days. 1.20% of the stock is owned by company insiders.

Kinaxis Stock Down 0.7 %

Shares of KXS stock opened at C$184.67 on Friday. The stock has a market cap of C$5.22 billion, a P/E ratio of 184.67, a PEG ratio of 3.60 and a beta of 0.78. The company’s fifty day simple moving average is C$167.27 and its two-hundred day simple moving average is C$158.83. The company has a quick ratio of 2.29, a current ratio of 1.90 and a debt-to-equity ratio of 12.40. Kinaxis has a 52 week low of C$132.93 and a 52 week high of C$190.17.

Kinaxis (TSE:KXS) last announced its quarterly earnings results on Wednesday, October 30th. The company reported C$0.47 EPS for the quarter, beating analysts’ consensus estimates of C$0.43 by C$0.04. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. The company had revenue of C$165.79 million during the quarter, compared to analyst estimates of C$170.56 million. Analysts predict 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.