Kinaxis Inc. (TSE:KXS) Receives Average Recommendation of “Moderate Buy” from Analysts

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

KXS has been the topic of a number of recent analyst reports. ATB Capital increased their price target on shares of Kinaxis from C$205.00 to C$215.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Securities reduced their price target on Kinaxis from C$195.00 to C$190.00 and set a “buy” rating for the company in a report on Friday, November 1st.

Kinaxis Trading Down 0.2 %

Shares of Kinaxis stock opened at C$173.22 on Tuesday. The stock has a market cap of C$4.89 billion, a PE ratio of 173.22, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. The firm has a fifty day moving average price of C$173.46 and a 200 day moving average price of C$162.19. Kinaxis has a 1 year low of C$132.93 and a 1 year high of C$190.17. 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 released its quarterly earnings data on Wednesday, October 30th. The company reported C$0.47 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.43 by C$0.04. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. The business had revenue of C$165.79 million during the quarter, compared to analyst estimates of C$170.56 million. Equities research analysts predict that Kinaxis will post 4.2526231 earnings per share for the current year.

Insider Buying and Selling

In other news, Director John Ernest Sicard sold 24,147 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of C$167.91, for a total transaction of C$4,054,585.55. Also, Senior Officer David Peter Kelly sold 1,500 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of C$162.21, for a total transaction of C$243,319.95. In the last three months, insiders have sold 55,200 shares of company stock worth $9,478,652. 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.