Kinaxis Inc. (TSE:KXS) Receives C$192.11 Consensus Target Price from Analysts

Shares of Kinaxis Inc. (TSE:KXS) have been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$192.11.

Several research analysts recently weighed in on the stock. Scotiabank reduced their price objective on shares of Kinaxis from C$200.00 to C$190.00 in a research note on Thursday, August 29th. TD Securities reduced their price target on shares of Kinaxis from C$200.00 to C$195.00 in a research report on Friday, August 2nd. ATB Capital lowered their price objective on shares of Kinaxis from C$215.00 to C$205.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, Stifel Nicolaus reduced their target price on Kinaxis from C$210.00 to C$195.00 and set a “buy” rating on the stock in a report on Friday, August 2nd.

Insider Buying and Selling at Kinaxis

In other news, Director Robert G. Courteau purchased 2,800 shares of Kinaxis stock in a transaction on Wednesday, August 28th. The stock was purchased at an average price of C$138.01 per share, with a total value of C$386,428.00. In related news, Senior Officer Andrew William Robert Bell sold 701 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of C$149.56, for a total transaction of C$104,841.70. Following the sale, the insider now owns 831 shares in the company, valued at approximately C$124,284.53. This represents a 0.00 % decrease in their ownership of the stock. Also, Director Robert G. Courteau purchased 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 have sold 8,265 shares of company stock valued at $1,268,146 in the last 90 days. 1.20% of the stock is currently owned by company insiders.

Kinaxis Stock Performance

Shares of Kinaxis stock opened at C$157.05 on Thursday. The firm has a fifty day moving average of C$154.74 and a two-hundred day moving average of C$154.08. The company has a debt-to-equity ratio of 12.40, a quick ratio of 2.29 and a current ratio of 1.90. The stock has a market capitalization of C$4.44 billion, a price-to-earnings ratio of 157.05, a PEG ratio of 3.60 and a beta of 0.78. Kinaxis has a 52 week low of C$129.13 and a 52 week high of C$172.83.

Kinaxis (TSE:KXS) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.42 EPS for the quarter, beating analysts’ consensus estimates of C$0.27 by C$0.15. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. The business had revenue of C$161.83 million during the quarter, compared to the consensus estimate of C$160.55 million. As a group, equities research analysts predict that Kinaxis will post 4.2526231 EPS for the current 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.