Kinaxis Inc. (TSE:KXS) Receives C$192.67 Consensus PT from Brokerages

Kinaxis Inc. (TSE:KXS) has been given an average recommendation of “Moderate Buy” by the nine analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$192.67.

KXS has been the topic of a number of research analyst reports. TD Securities lowered their price objective on shares of Kinaxis from C$195.00 to C$190.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. ATB Capital boosted their price target on shares of Kinaxis from C$205.00 to C$215.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Scotiabank cut their price objective on Kinaxis from C$200.00 to C$190.00 in a report on Thursday, August 29th.

Insider Activity at Kinaxis

In related news, Director John Ernest Sicard sold 24,147 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$167.91, for a total value of C$4,054,585.55. Also, Senior Officer Christopher John Blaine Fitzgerald sold 2,003 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of C$185.05, for a total value of C$370,656.55. In the last 90 days, insiders sold 53,100 shares of company stock valued at $9,105,339. Insiders own 1.20% of the company’s stock.

Kinaxis Stock Performance

Shares of Kinaxis stock opened at C$176.50 on Friday. Kinaxis has a 12 month low of C$132.93 and a 12 month high of C$190.17. The company has a quick ratio of 2.29, a current ratio of 1.90 and a debt-to-equity ratio of 12.40. The stock has a market cap of C$4.98 billion, a PE ratio of 176.50, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. The business has a fifty day simple moving average of C$169.23 and a 200-day simple moving average of C$159.87.

Kinaxis (TSE:KXS) last announced its quarterly earnings data on Wednesday, October 30th. The company reported C$0.47 EPS for the quarter, topping analysts’ consensus estimates of C$0.43 by C$0.04. The firm had revenue of C$165.79 million during the quarter, compared to analyst estimates of C$170.56 million. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. On average, sell-side analysts anticipate that Kinaxis will post 4.2526231 EPS for the current fiscal year.

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.