Kinaxis Inc. (TSE:KXS) Receives C$192.67 Average PT from Brokerages

Kinaxis Inc. (TSE:KXS) has earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research 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 updated their coverage on the stock in the last year is C$192.67.

A number of brokerages have weighed in on KXS. 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 report 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 on the stock in a research report on Friday, November 1st.

Kinaxis Trading Down 0.2 %

KXS opened at C$170.64 on Tuesday. Kinaxis has a twelve month low of C$132.93 and a twelve month high of C$190.17. The company has a fifty day moving average of C$174.58 and a 200-day moving average of C$162.77. The stock has a market cap of C$4.82 billion, a PE ratio of 170.64, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. The company has a quick ratio of 2.29, a current ratio of 1.90 and a debt-to-equity ratio of 12.40.

Kinaxis (TSE:KXS) last issued its quarterly earnings results on Wednesday, October 30th. The company reported C$0.47 earnings per share 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 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 EPS for the current year.

Insider Activity

In related news, Director John Ernest Sicard sold 24,147 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of C$167.91, for a total transaction of C$4,054,585.55. Also, Senior Officer Vasile Gelu Ticala sold 3,000 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of C$174.50, for a total value of C$523,500.00. Following the completion of the sale, the insider now directly owns 596 shares of the company’s stock, valued at C$104,002. The trade was a 83.43 % decrease in their ownership of the stock. Insiders sold 55,200 shares of company stock worth $9,478,652 over the last three months. 1.20% of the stock is currently owned by insiders.

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.