Kinaxis Inc. (TSE:KXS) Receives C$192.67 Consensus PT from Analysts

Kinaxis Inc. (TSE:KXS) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are currently 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 12-month target price among brokerages that have issued ratings on the stock in the last year is C$192.67.

KXS has been the topic of a number of research analyst reports. TD Securities dropped their price target on Kinaxis from C$195.00 to C$190.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. ATB Capital increased their price objective on shares of Kinaxis from C$205.00 to C$215.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Scotiabank reduced their target price on shares of Kinaxis from C$200.00 to C$190.00 in a report on Thursday, August 29th.

Kinaxis Stock Performance

TSE KXS opened at C$181.90 on Friday. The firm has a market capitalization of C$5.14 billion, a P/E ratio of 181.90, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. The company has a current ratio of 1.90, a quick ratio of 2.29 and a debt-to-equity ratio of 12.40. The firm’s fifty day moving average price is C$167.73 and its two-hundred day moving average price is C$159.11. Kinaxis has a 1 year low of C$132.93 and a 1 year high of C$190.17.

Kinaxis (TSE:KXS) last issued its earnings results on Wednesday, October 30th. The company reported C$0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. As a group, research analysts anticipate that Kinaxis will post 4.2526231 EPS for the current year.

Insider Activity at Kinaxis

In other Kinaxis news, Senior Officer David Peter Kelly sold 1,500 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of C$162.21, for a total transaction of C$243,319.95. Also, Senior Officer Christopher John Blaine Fitzgerald sold 2,003 shares of Kinaxis stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$185.05, for a total value of C$370,656.55. Over the last three months, insiders have sold 53,000 shares of company stock worth $9,086,865. 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.