Kinaxis Inc. (TSE:KXS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Kinaxis Inc. (TSE:KXS) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$195.00.

Several brokerages have recently weighed in on KXS. Royal Bank of Canada set a C$210.00 price target on shares of Kinaxis and gave the stock an “outperform” rating in a research report on Friday. CIBC dropped their target price on Kinaxis from C$175.00 to C$170.00 in a research report on Friday, February 28th.

Insider Activity at Kinaxis

In other news, Senior Officer Andrew William Robert Bell sold 2,064 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of C$156.80, for a total transaction of C$323,627.77. Following the transaction, the insider now owns 831 shares in the company, valued at C$130,297.81. This represents a 71.30 % decrease in their ownership of the stock. Also, Senior Officer Christopher John Blaine Fitzgerald sold 2,177 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of C$156.26, for a total transaction of C$340,172.58. Insiders sold 4,924 shares of company stock valued at $770,090 over the last 90 days. Insiders own 1.20% of the company’s stock.

Kinaxis Stock Down 0.6 %

TSE:KXS opened at C$158.82 on Tuesday. The company has a debt-to-equity ratio of 12.12, a current ratio of 1.89 and a quick ratio of 2.29. Kinaxis has a 1-year low of C$132.93 and a 1-year high of C$190.17. The company has a 50-day moving average of C$164.60 and a 200 day moving average of C$165.72. The firm has a market cap of C$3.19 billion, a PE ratio of 157.63, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78.

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.