Kinaxis Inc. (TSE:KXS) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Kinaxis Inc. (TSE:KXS) have earned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$192.67.

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

Insider Activity

In related news, Senior Officer Christopher John Blaine Fitzgerald sold 2,003 shares of the firm’s stock in a transaction that occurred 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. Also, Senior Officer David Peter Kelly sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of C$162.21, for a total transaction of C$243,319.95. Insiders sold 53,000 shares of company stock valued at $9,086,865 over the last three months. Insiders own 1.20% of the company’s stock.

Kinaxis Stock Performance

TSE:KXS opened at C$184.67 on Friday. The company has a market capitalization of C$5.22 billion, a price-to-earnings ratio of 184.67, a PEG ratio of 3.60 and a beta of 0.78. The business has a 50 day moving average of C$167.27 and a 200 day moving average of C$158.83. 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 has a 1-year low of C$132.93 and a 1-year high of C$190.17.

Kinaxis (TSE:KXS) last announced its quarterly earnings data on Wednesday, October 30th. The company reported C$0.47 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of C$165.79 million during the quarter, compared to the consensus estimate of C$170.56 million. On average, sell-side analysts predict that Kinaxis will post 4.2526231 earnings per share for the current fiscal 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.