Analysts Set Kinaxis Inc. (TSE:KXS) Price Target at C$228.38

Shares of Kinaxis Inc. (TSE:KXS) have earned an average rating of “Buy” from the nine brokerages that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$228.38.

A number of brokerages have recently commented on KXS. TD Securities raised Kinaxis to a “strong-buy” rating in a report on Tuesday, January 13th. National Bankshares set a C$240.00 target price on Kinaxis and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. CIBC raised shares of Kinaxis from a “neutral” rating to an “outperform” rating and lifted their price target for the company from C$201.00 to C$203.00 in a research report on Monday, December 15th. Cibc Captl Mkts upgraded shares of Kinaxis from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 15th. Finally, Royal Bank Of Canada set a C$235.00 price objective on shares of Kinaxis and gave the stock an “outperform” rating in a report on Wednesday, January 7th.

Insiders Place Their Bets

In other Kinaxis news, insider Kushan Krishna Surana sold 222 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of C$177.41, for a total transaction of C$39,385.02. Following the completion of the sale, the insider directly owned 19 shares in the company, valued at C$3,370.79. This represents a 92.12% decrease in their ownership of the stock. 1.20% of the stock is currently owned by corporate insiders.

Kinaxis Stock Down 4.0%

Kinaxis stock opened at C$149.15 on Monday. The company has a current ratio of 1.89, a quick ratio of 2.29 and a debt-to-equity ratio of 12.12. Kinaxis has a 1-year low of C$147.92 and a 1-year high of C$212.45. The firm’s fifty day simple moving average is C$172.91 and its 200-day simple moving average is C$183.18. The company has a market capitalization of C$4.19 billion, a P/E ratio of 124.29, a P/E/G ratio of 3.60 and a beta of 0.81.

Kinaxis (TSE:KXS) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$0.58 earnings per share (EPS) for the quarter. Kinaxis had a net margin of 4.33% and a return on equity of 4.69%. The firm had revenue of C$187.41 million during the quarter. Sell-side analysts forecast that Kinaxis will post 4.2526231 earnings per share for the current fiscal year.

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. Kinaxis’s S&OP solution capabilities include supply and demand planning, capacity and inventory planning, and inventory management. The firm has operations in North America, Europe, and Asia-Pacific regions.