Kinaxis Inc. (TSE:KXS) Receives C$192.11 Consensus PT from Brokerages

Shares of Kinaxis Inc. (TSE:KXS) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$192.11.

KXS has been the subject of several analyst reports. Stifel Nicolaus decreased their target price on shares of 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. Scotiabank lowered their target price on Kinaxis from C$200.00 to C$190.00 in a research note on Thursday, August 29th. ATB Capital cut their price target on Kinaxis from C$215.00 to C$205.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. CIBC lowered Kinaxis from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from C$180.00 to C$154.00 in a research note on Friday, June 21st. Finally, TD Securities cut their target price on Kinaxis from C$200.00 to C$195.00 in a research report on Friday, August 2nd.

Kinaxis Trading Up 1.2 %

TSE:KXS opened at C$160.46 on Friday. The business’s 50-day moving average is C$154.07 and its two-hundred day moving average is C$153.34. The firm has a market capitalization of C$4.53 billion, a PE ratio of 162.08, a price-to-earnings-growth ratio of 3.60 and a beta of 0.77. Kinaxis has a 12 month low of C$129.13 and a 12 month high of C$172.83. 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, July 31st. The company reported C$0.42 EPS for the quarter, beating the consensus estimate of C$0.27 by C$0.15. The business had revenue of C$161.83 million for the quarter, compared to the consensus estimate of C$160.55 million. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. Research analysts predict that Kinaxis will post 4.237851 earnings per share for the current fiscal year.

Insider Activity at Kinaxis

In other Kinaxis news, Director Robert G. Courteau purchased 2,800 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was acquired at an average cost of C$138.01 per share, with a total value of C$386,428.00. In other Kinaxis news, Senior Officer Andrew William Robert Bell sold 701 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of C$149.56, for a total value of C$104,841.70. Following the sale, the insider now directly owns 831 shares of the company’s stock, valued at C$124,284.53. This trade represents a 0.00 % decrease in their ownership of the stock. Also, Director Robert G. Courteau purchased 2,800 shares of Kinaxis stock in a transaction dated Wednesday, August 28th. The shares were purchased at an average cost of C$138.01 per share, with a total value of C$386,428.00. In the last ninety days, insiders have sold 8,265 shares of company stock valued at $1,268,146. Corporate 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.