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

Kinaxis Inc. (TSE:KXS) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$192.11.

Several research analysts have recently commented on KXS shares. ATB Capital lowered their price target on Kinaxis from C$215.00 to C$205.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Scotiabank lowered their price objective on Kinaxis from C$200.00 to C$190.00 in a research report on Thursday, August 29th. Stifel Nicolaus dropped their target price on shares of Kinaxis from C$210.00 to C$195.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. TD Securities dropped their price target on Kinaxis from C$200.00 to C$195.00 in a research note on Friday, August 2nd. Finally, CIBC lowered shares of Kinaxis from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from C$180.00 to C$154.00 in a research note on Friday, June 21st.

Insiders Place Their Bets

In other Kinaxis news, Senior Officer Claire Ruth Rychlewski sold 4,392 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of C$152.00, for a total transaction of C$667,584.00. In related news, Senior Officer Claire Ruth Rychlewski sold 4,392 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of C$152.00, for a total transaction of C$667,584.00. Also, Senior Officer Andrew William Robert Bell sold 701 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of C$149.56, for a total transaction of C$104,841.70. Following the completion of the transaction, the insider now directly owns 831 shares of the company’s stock, valued at approximately C$124,284.53. In the last ninety days, insiders have sold 8,265 shares of company stock worth $1,268,146. Corporate insiders own 1.20% of the company’s stock.

Kinaxis Trading Down 0.8 %

Shares of KXS opened at C$156.97 on Friday. Kinaxis has a 52-week low of C$129.13 and a 52-week high of C$172.83. The stock has a market cap of C$4.43 billion, a PE ratio of 158.56, a price-to-earnings-growth ratio of 3.60 and a beta of 0.77. The company has a quick ratio of 2.29, a current ratio of 1.90 and a debt-to-equity ratio of 12.40. The firm’s fifty day moving average is C$154.73 and its two-hundred day moving average is C$153.05.

Kinaxis (TSE:KXS) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.42 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.15. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. The company had revenue of C$161.83 million for the quarter, compared to analyst estimates of C$160.55 million. Research analysts forecast that Kinaxis will post 4.3821138 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.