Kinaxis Inc. (TSE:KXS) Receives C$199.44 Average Price Target from Analysts

Kinaxis Inc. (TSE:KXS) has earned an average rating of “Buy” from the eight research firms that are currently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$199.44.

A number of analysts recently commented on KXS shares. Stifel Nicolaus dropped their price target on Kinaxis from C$235.00 to C$215.00 and set a “buy” rating for the company in a research note on Friday, March 1st. National Bankshares dropped their price target on Kinaxis from C$250.00 to C$225.00 and set an “outperform” rating for the company in a research note on Friday, March 1st. CIBC dropped their price target on Kinaxis from C$185.00 to C$180.00 and set an “outperform” rating for the company in a research note on Friday, March 1st. Royal Bank of Canada dropped their price target on Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating for the company in a research note on Friday, March 1st. Finally, Scotiabank decreased their price objective on Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating for the company in a report on Friday, March 1st.

Kinaxis Stock Performance

TSE:KXS opened at C$150.21 on Friday. The firm has a market cap of C$4.26 billion, a PE ratio of 312.94, a price-to-earnings-growth ratio of 3.60 and a beta of 0.76. Kinaxis has a fifty-two week low of C$129.13 and a fifty-two week high of C$191.80. The company has a debt-to-equity ratio of 11.39, a quick ratio of 2.29 and a current ratio of 2.54. The business has a 50 day moving average price of C$150.85 and a 200-day moving average price of C$150.58.

Kinaxis (TSE:KXS) last released its quarterly earnings data on Wednesday, February 28th. The company reported C$0.59 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.68 by C($0.09). The company had revenue of C$152.48 million for the quarter, compared to analysts’ expectations of C$153.36 million. Kinaxis had a net margin of 2.36% and a return on equity of 2.35%. Equities research analysts predict that Kinaxis will post 2.8304039 earnings per share for the current year.

Insiders Place Their Bets

In other news, Senior Officer Andrew William Robert Bell sold 683 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of C$148.11, for a total transaction of C$101,155.85. Following the completion of the transaction, the insider now directly owns 586 shares in the company, valued at C$86,789.65. In other news, Senior Officer Andrew William Robert Bell sold 683 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of C$148.11, for a total transaction of C$101,155.85. Following the completion of the transaction, the insider now directly owns 586 shares in the company, valued at C$86,789.65. Also, Director J. Ian Giffen sold 5,000 shares of Kinaxis stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$154.14, for a total value of C$770,691.50. Over the last 90 days, insiders sold 24,752 shares of company stock worth $3,685,930. 1.15% of the stock is owned by corporate insiders.

Kinaxis Company Profile

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.