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

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

KXS has been the subject of a number of research reports. Scotiabank cut 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. BMO Capital Markets cut their price objective on Kinaxis from C$190.00 to C$175.00 and set an “outperform” rating for the company in a report on Friday, March 1st. National Bankshares lowered their target price 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. Royal Bank of Canada dropped their target price 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. Finally, CIBC dropped their target price on Kinaxis from C$185.00 to C$180.00 and set an “outperform” rating for the company in a report on Friday, March 1st.

Insider Activity at Kinaxis

In other Kinaxis news, Senior Officer Andrew William Robert Bell sold 683 shares of the 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$101,155.85. Following the completion of the sale, the insider now owns 586 shares in the company, valued at approximately C$86,789.65. In other Kinaxis news, Senior Officer Andrew William Robert Bell sold 683 shares of the 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$101,155.85. Following the completion of the sale, the insider now owns 586 shares in the company, valued at approximately C$86,789.65. Also, Director John Ernest Sicard sold 7,516 shares of the 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 24,752 shares of company stock worth $3,685,930 in the last ninety days. 1.15% of the stock is owned by company insiders.

Kinaxis Price Performance

KXS opened at C$148.79 on Friday. The stock has a 50-day moving average price of C$152.07 and a 200-day moving average price of C$150.54. Kinaxis has a 12-month low of C$129.13 and a 12-month high of C$191.80. The company has a current ratio of 2.54, a quick ratio of 2.29 and a debt-to-equity ratio of 11.39. The stock has a market capitalization of C$4.22 billion, a P/E ratio of 309.98, a PEG ratio of 3.60 and a beta of 0.76.

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