Analysts Set Kinaxis Inc. (TSE:KXS) Target Price at C$199.44

Kinaxis Inc. (TSE:KXS) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$196.56.

Several equities analysts have recently issued reports on the company. National Bankshares cut their price target on Kinaxis from C$250.00 to C$225.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st. CIBC downgraded shares of Kinaxis from an “outperform” rating to a “neutral” rating and cut their target price for the company from C$180.00 to C$154.00 in a research report on Friday. Scotiabank lowered their price target on shares of 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. Royal Bank of Canada dropped their price target on shares of Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating for the company in a research note on Friday, March 1st. Finally, BMO Capital Markets reduced their price objective on shares of Kinaxis from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st.

Kinaxis Stock Performance

TSE:KXS opened at C$150.16 on Friday. The stock has a market capitalization of C$4.26 billion, a P/E ratio of 208.56, a price-to-earnings-growth ratio of 3.60 and a beta of 0.77. The company has a current ratio of 2.53, a quick ratio of 2.29 and a debt-to-equity ratio of 11.91. Kinaxis has a 1 year low of C$129.13 and a 1 year high of C$191.51. The firm has a 50 day moving average of C$150.17 and a 200-day moving average of C$152.02.

Kinaxis (TSE:KXS) last announced its earnings results on Wednesday, May 8th. The company reported C$0.36 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.30 by C$0.06. The company had revenue of C$160.93 million during the quarter, compared to analyst estimates of C$158.33 million. Kinaxis had a return on equity of 3.42% and a net margin of 3.38%. As a group, sell-side analysts anticipate that Kinaxis will post 2.8913676 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Senior Officer Stefanie Ann Gordish sold 214 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of C$150.24, for a total value of C$32,152.34. Following the sale, the insider now owns 287 shares of the company’s stock, valued at C$43,120.20. In related news, Senior Officer Stefanie Ann Gordish sold 214 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 287 shares in the company, valued at C$43,120.20. Also, Director John Ernest Sicard sold 12,328 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of C$154.39, for a total value of C$1,903,365.53. Over the last three months, insiders sold 34,650 shares of company stock worth $5,253,452. 1.22% of the stock is owned by corporate insiders.

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.