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

Kinaxis Inc. (TSE:KXSGet Free Report) has earned a consensus rating of “Buy” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$199.44.

KXS has been the subject of several research reports. TD Securities reduced their price objective on shares of Kinaxis from C$210.00 to C$200.00 and set a “buy” rating for the company in a research report on Friday, March 1st. Eight Capital decreased their price target 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. BMO Capital Markets decreased their price target on shares of Kinaxis from C$190.00 to C$175.00 and set an “outperform” rating for the company in a report on Friday, March 1st. Scotiabank cut their price objective on shares of Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. Finally, CIBC cut their price objective on shares of Kinaxis from C$185.00 to C$180.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st.

Check Out Our Latest Stock Report on KXS

Insider Activity

In other news, Director J. Ian Giffen sold 5,000 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$154.14, for a total value of C$770,691.50. In other news, Director J. Ian Giffen sold 5,000 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$154.14, for a total value of C$770,691.50. Also, Director John Ernest Sicard sold 7,530 shares of Kinaxis stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$147.15, for a total transaction of C$1,108,068.11. Insiders have sold a total of 24,752 shares of company stock valued at $3,685,930 over the last 90 days. 1.17% of the stock is currently owned by company insiders.

Kinaxis Stock Down 0.4 %

KXS stock opened at C$153.37 on Tuesday. The company has a quick ratio of 2.29, a current ratio of 2.54 and a debt-to-equity ratio of 11.39. Kinaxis has a fifty-two week low of C$129.13 and a fifty-two week high of C$191.80. The firm’s 50-day simple moving average is C$155.04 and its 200 day simple moving average is C$150.84. The stock has a market cap of C$4.34 billion, a PE ratio of 326.32, a price-to-earnings-growth ratio of 3.60 and a beta of 0.73.

Kinaxis (TSE:KXSGet Free Report) 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 firm had revenue of C$152.48 million during the quarter, compared to analyst estimates of C$153.36 million. Kinaxis had a return on equity of 2.35% and a net margin of 2.36%. As a group, sell-side analysts predict that Kinaxis will post 2.8145101 EPS for the current year.

About Kinaxis

(Get Free Report

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.

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Analyst Recommendations for Kinaxis (TSE:KXS)

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