Kinaxis Inc. (TSE:KXS) Receives C$221.43 Average PT from Brokerages

Kinaxis Inc. (TSE:KXS) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$221.43.

KXS has been the topic of a number of analyst reports. TD Securities upped their target price on shares of Kinaxis from C$190.00 to C$225.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Scotiabank increased their price objective on Kinaxis from C$225.00 to C$240.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Royal Bank Of Canada raised their target price on Kinaxis from C$225.00 to C$235.00 in a report on Friday, August 8th. Finally, Stifel Nicolaus upped their price target on Kinaxis from C$225.00 to C$245.00 and gave the stock a “buy” rating in a report on Thursday, July 31st.

Kinaxis Stock Performance

KXS opened at C$182.12 on Friday. Kinaxis has a 1-year low of C$149.96 and a 1-year high of C$212.45. The company has a market cap of C$5.15 billion, a price-to-earnings ratio of 211.77, a PEG ratio of 3.60 and a beta of 0.77. The company’s fifty day moving average price is C$188.51 and its two-hundred day moving average price is C$190.24. The company has a current ratio of 1.89, a quick ratio of 2.29 and a debt-to-equity ratio of 12.12.

Insider Activity

In other Kinaxis news, insider Andrew William Robert Bell sold 275 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of C$193.18, for a total value of C$53,124.50. Following the completion of the sale, the insider directly owned 1,919 shares of the company’s stock, valued at approximately C$370,712.42. This represents a 12.53% decrease in their position. Also, insider Mark Justin Morgan sold 2,281 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of C$198.63, for a total transaction of C$453,081.87. Following the completion of the sale, the insider owned 11,000 shares of the company’s stock, valued at approximately C$2,184,963. This trade represents a 17.17% decrease in their position. Insiders sold a total of 8,656 shares of company stock worth $1,665,206 over the last quarter. Insiders own 1.20% of the company’s stock.

About Kinaxis

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm’s flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation.