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

Kinaxis Inc. (TSE:KXS) has received a consensus recommendation of “Buy” from the eight analysts that are covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have covered the stock in the last year is C$199.44.

A number of brokerages have weighed in on KXS. National Bankshares cut their target price on shares of Kinaxis from C$250.00 to C$225.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. TD Securities reduced their price objective on Kinaxis from C$210.00 to C$200.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. Scotiabank dropped their target price on Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. BMO Capital Markets reduced their price target on Kinaxis from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Finally, Eight Capital dropped their price objective on shares of Kinaxis from C$230.00 to C$190.00 and set a “buy” rating for the company in a report on Friday, March 1st.

Kinaxis Price Performance

Kinaxis stock opened at C$156.22 on Wednesday. The company has a debt-to-equity ratio of 11.91, a quick ratio of 2.29 and a current ratio of 2.53. Kinaxis has a 52 week low of C$129.13 and a 52 week high of C$191.80. The stock has a market capitalization of C$4.43 billion, a P/E ratio of 220.03, a price-to-earnings-growth ratio of 3.60 and a beta of 0.77. The stock has a fifty day moving average of C$150.88 and a 200-day moving average of C$152.18.

Kinaxis (TSE:KXS) last issued its earnings results on Wednesday, February 28th. The company reported C$0.59 EPS for the quarter, missing the consensus estimate of C$0.68 by C($0.09). Kinaxis had a return on equity of 3.42% and a net margin of 3.38%. The business had revenue of C$152.48 million for the quarter, compared to analyst estimates of C$153.36 million. On average, sell-side analysts expect that Kinaxis will post 2.9035879 earnings per share for the current fiscal year.

Insider Transactions at Kinaxis

In other news, Director John Ernest Sicard sold 7,516 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$148.11, for a total transaction of C$1,113,158.68. In other Kinaxis news, Senior Officer Stefanie Ann Gordish sold 214 shares of Kinaxis stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of C$150.24, for a total value of C$32,152.34. Following the completion of the sale, the insider now directly owns 287 shares in the company, valued at C$43,120.20. Also, Director John Ernest Sicard sold 7,516 shares of Kinaxis stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of C$148.11, for a total value of C$1,113,158.68. Insiders sold 30,166 shares of company stock worth $4,526,222 over the last ninety days. 1.15% of the stock is owned by 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.