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

Kinaxis Inc. (TSE:KXS) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$192.67.

KXS has been the subject of a number of recent research reports. TD Securities lowered their price objective on Kinaxis from C$195.00 to C$190.00 and set a “buy” rating for the company 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 stock an “outperform” rating in a report on Friday, November 1st. Scotiabank reduced their target price on shares of Kinaxis from C$200.00 to C$190.00 in a research note on Thursday, August 29th. Finally, Stifel Nicolaus decreased their target price on shares of Kinaxis from C$210.00 to C$195.00 and set a “buy” rating for the company in a research report on Friday, August 2nd.

Kinaxis Stock Performance

Shares of KXS stock opened at C$165.15 on Monday. The stock has a market capitalization of C$4.66 billion, a price-to-earnings ratio of 165.15, a PEG ratio of 3.60 and a beta of 0.78. Kinaxis has a one year low of C$132.93 and a one year high of C$174.25. The company’s 50-day simple moving average is C$159.29 and its 200-day simple moving average is C$155.52. The company has a debt-to-equity ratio of 12.40, a quick ratio of 2.29 and a current ratio of 1.90.

Kinaxis (TSE:KXS) last announced its quarterly earnings data on Wednesday, October 30th. The company reported C$0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.43 by C$0.04. The firm had revenue of C$165.79 million for the quarter, compared to analysts’ expectations of C$170.56 million. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. Equities analysts anticipate that Kinaxis will post 4.2526231 earnings per share for the current fiscal year.

Insider Activity

In other Kinaxis news, Director Robert G. Courteau bought 2,800 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were bought at an average price of C$138.01 per share, for a total transaction of C$386,428.00. Also, Senior Officer Megan Paterson sold 3,172 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$156.28, for a total transaction of C$495,720.16. Following the completion of the sale, the insider now owns 121 shares of the company’s stock, valued at approximately C$18,909.88. The trade was a 96.33 % decrease in their position. Insiders have sold 28,819 shares of company stock worth $4,793,626 over the last 90 days. 1.20% of the stock is owned by company insiders.

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.