Kinaxis Inc. (TSE:KXS) Receives C$192.67 Average PT from Brokerages

Shares of Kinaxis Inc. (TSE:KXS) have been given a consensus rating of “Moderate Buy” by the nine research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$192.67.

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

Insider Activity at Kinaxis

In related news, Director John Ernest Sicard sold 24,147 shares of Kinaxis stock in a transaction on Thursday, November 14th. The shares were sold at an average price of C$167.91, for a total value of C$4,054,585.55. Also, Director Robert G. Courteau acquired 2,800 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was bought at an average price of C$138.01 per share, with a total value of C$386,428.00. Insiders sold 28,819 shares of company stock worth $4,793,626 in the last three months. 1.20% of the stock is owned by insiders.

Kinaxis Price Performance

Kinaxis stock opened at C$170.59 on Monday. The stock has a market cap of C$4.82 billion, a price-to-earnings ratio of 170.59, a PEG ratio of 3.60 and a beta of 0.78. The company has a quick ratio of 2.29, a current ratio of 1.90 and a debt-to-equity ratio of 12.40. The business has a 50-day simple moving average of C$160.91 and a 200 day simple moving average of C$156.08. Kinaxis has a 52 week low of C$132.93 and a 52 week high of C$174.25.

Kinaxis (TSE:KXS) last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$0.47 earnings per share for the quarter, topping the consensus estimate of C$0.43 by C$0.04. Kinaxis had a net margin of 4.59% and a return on equity of 4.87%. The company had revenue of C$165.79 million for the quarter, compared to analysts’ expectations of C$170.56 million. On average, research analysts forecast that Kinaxis will post 4.2526231 earnings per share for the current fiscal year.

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.