Kinaxis Inc. (TSE:KXS) Given Average Recommendation of “Buy” by Analysts

Kinaxis Inc. (TSE:KXS) has received an average rating of “Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$203.12.

Several equities analysts have issued reports on KXS shares. Canadian Imperial Bank of Commerce lifted their target price on Kinaxis from C$173.00 to C$205.00 in a research note on Friday, June 5th. BMO Capital Markets raised their price target on shares of Kinaxis from C$195.00 to C$200.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Royal Bank Of Canada lifted their price objective on shares of Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Stifel Nicolaus cut their price objective on shares of Kinaxis from C$245.00 to C$200.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Finally, National Bank Financial boosted their price objective on shares of Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th.

Kinaxis Stock Up 2.5%

Shares of TSE KXS opened at C$175.11 on Friday. Kinaxis has a 12-month low of C$117.22 and a 12-month high of C$200.22. The stock’s fifty day simple moving average is C$158.56 and its two-hundred day simple moving average is C$145.68. The stock has a market capitalization of C$4.76 billion, a PE ratio of 57.23, a price-to-earnings-growth ratio of 3.60 and a beta of 0.76. The company has a current ratio of 1.88, a quick ratio of 2.29 and a debt-to-equity ratio of 11.14.

Kinaxis (TSE:KXS) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$1.08 EPS for the quarter. The firm had revenue of C$230.64 million during the quarter. Kinaxis had a return on equity of 20.88% and a net margin of 14.40%. As a group, analysts expect that Kinaxis will post 4.2526231 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robert G. Courteau sold 5,010 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of C$151.39, for a total transaction of C$758,463.90. Following the completion of the sale, the director owned 32,945 shares in the company, valued at approximately C$4,987,543.55. This represents a 13.20% decrease in their position. Also, insider Mark Justin Morgan sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of C$172.25, for a total value of C$516,750.00. Following the completion of the sale, the insider directly owned 10,299 shares of the company’s stock, valued at C$1,774,002.75. The trade was a 22.56% decrease in their position. Over the last three months, insiders have sold 23,978 shares of company stock valued at $4,011,490. 1.20% of the stock is currently owned by insiders.

About Kinaxis

Kinaxis is a leader in modern supply chain orchestration, powering complex global supply chains, and supporting the people who manage them. Our powerful, AI-infused supply chain orchestration platform, Maestro, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain – from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today’s volatility and disruption.