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

Shares of Kinaxis Inc. (TSE:KXS) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$195.00.

A number of research firms have commented on KXS. CIBC reduced their price target on shares of Kinaxis from C$175.00 to C$170.00 in a research report on Friday, February 28th. Royal Bank of Canada set a C$210.00 target price on Kinaxis and gave the stock an “outperform” rating in a report on Friday, March 21st.

Kinaxis Stock Up 2.2 %

Shares of TSE:KXS opened at C$158.66 on Tuesday. The company’s fifty day moving average is C$163.04 and its 200-day moving average is C$166.11. The company has a debt-to-equity ratio of 12.12, a quick ratio of 2.29 and a current ratio of 1.89. Kinaxis has a 52 week low of C$132.93 and a 52 week high of C$190.17. The company has a market capitalization of C$3.19 billion, a PE ratio of 157.47, a P/E/G ratio of 3.60 and a beta of 0.78.

Insider Activity

In other news, Senior Officer Christopher John Blaine Fitzgerald sold 2,177 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of C$156.26, for a total transaction of C$340,172.58. Also, Senior Officer Andrew William Robert Bell sold 2,064 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of C$156.80, for a total value of C$323,627.77. Following the completion of the transaction, the insider now owns 831 shares in the company, valued at approximately C$130,297.81. This represents a 71.30 % decrease in their position. Insiders have sold 4,924 shares of company stock valued at $770,090 over the last three months. 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.