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

Shares of Kinaxis Inc. (TSE:KXS) have earned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$196.56.

KXS has been the subject of a number of research analyst reports. Eight Capital decreased their price target on Kinaxis from C$230.00 to C$190.00 and set a “buy” rating for the company in a research report on Friday, March 1st. TD Securities decreased their price target on Kinaxis from C$210.00 to C$200.00 and set a “buy” rating for the company in a research report on Friday, March 1st. National Bankshares decreased their price target on Kinaxis from C$250.00 to C$225.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. Royal Bank of Canada decreased their price target on Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. Finally, Scotiabank reduced their price objective on Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating for the company in a report on Friday, March 1st.

Kinaxis Stock Performance

Shares of Kinaxis stock opened at C$150.84 on Friday. The company has a market cap of C$4.28 billion, a PE ratio of 209.50, a price-to-earnings-growth ratio of 3.60 and a beta of 0.77. Kinaxis has a 52 week low of C$129.13 and a 52 week high of C$191.51. The business has a 50 day moving average price of C$150.18 and a 200-day moving average price of C$151.96. The company has a quick ratio of 2.29, a current ratio of 2.53 and a debt-to-equity ratio of 11.91.

Kinaxis (TSE:KXS) last issued its quarterly earnings data on Wednesday, May 8th. The company reported C$0.36 EPS for the quarter, topping the consensus estimate of C$0.30 by C$0.06. The firm had revenue of C$160.93 million during the quarter, compared to the consensus estimate of C$158.33 million. Kinaxis had a return on equity of 3.42% and a net margin of 3.38%. Equities analysts anticipate that Kinaxis will post 2.8913676 earnings per share for the current fiscal year.

Insider Buying and Selling at Kinaxis

In other Kinaxis news, Senior Officer Stefanie Ann Gordish sold 214 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of C$150.24, for a total transaction of C$32,152.34. Following the completion of the transaction, the insider now owns 287 shares of the company’s stock, valued at approximately C$43,120.20. In other Kinaxis news, Senior Officer Stefanie Ann Gordish sold 214 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of C$150.24, for a total transaction of C$32,152.34. Following the transaction, the insider now owns 287 shares in the company, valued at approximately C$43,120.20. Also, Senior Officer James Alexander Hollingworth sold 875 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$155.82, for a total value of C$136,345.74. Following the transaction, the insider now owns 745 shares in the company, valued at approximately C$116,088.66. Insiders have sold 34,650 shares of company stock worth $5,253,452 over the last 90 days. Corporate insiders own 1.22% of the company’s stock.

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.