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

Kinaxis Inc. (TSE:KXS) has received an average rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$192.67.

A number of research firms have recently commented on KXS. TD Securities cut their target price 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 lifted their target price on Kinaxis from C$205.00 to C$215.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st.

Insider Transactions at Kinaxis

In other news, Senior Officer Andrew William Robert Bell sold 600 shares of Kinaxis stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of C$177.14, for a total value of C$106,281.00. Following the transaction, the insider now owns 831 shares of the company’s stock, valued at C$147,199.19. The trade was a 41.93 % decrease in their position. Also, Senior Officer David Peter Kelly sold 1,500 shares of Kinaxis 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. In the last quarter, insiders sold 55,200 shares of company stock valued at $9,478,652. Company insiders own 1.20% of the company’s stock.

Kinaxis Price Performance

TSE:KXS opened at C$173.22 on Tuesday. The firm has a market capitalization of C$4.89 billion, a price-to-earnings ratio of 173.22, a PEG ratio of 3.60 and a beta of 0.78. The company has a debt-to-equity ratio of 12.40, a current ratio of 1.90 and a quick ratio of 2.29. The business has a 50 day simple moving average of C$173.46 and a 200-day simple moving average of C$162.19. 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 quarterly earnings results on Wednesday, October 30th. The company reported C$0.47 earnings per share (EPS) for the quarter, topping 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 company had revenue of C$165.79 million during the quarter, compared to the consensus estimate of C$170.56 million. Equities analysts forecast that Kinaxis will post 4.2526231 EPS for the current 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.