Kinaxis Inc (KXS) Given Consensus Rating of “Buy” by Brokerages

Shares of Kinaxis Inc (TSE:KXS) have been given a consensus recommendation of “Buy” by the eight analysts that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$102.75.

Several brokerages have recently issued reports on KXS. TD Securities upped their target price on shares of Kinaxis from C$98.00 to C$105.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. BMO Capital Markets upped their target price on shares of Kinaxis from C$93.00 to C$105.00 and gave the company an “outperform” rating in a report on Tuesday, August 7th. Royal Bank of Canada upped their target price on shares of Kinaxis from C$95.00 to C$105.00 and gave the company an “outperform” rating in a report on Monday, July 30th. Eight Capital upped their target price on shares of Kinaxis from C$100.00 to C$105.00 in a report on Tuesday, August 7th. Finally, CIBC upped their target price on shares of Kinaxis from C$95.00 to C$101.00 in a report on Tuesday, August 7th.

In related news, insider Megan Paterson sold 7,500 shares of the company’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of C$94.87, for a total value of C$711,525.00. Also, Director John Ernest Sicard sold 5,000 shares of the company’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of C$98.00, for a total transaction of C$490,000.00.

Shares of Kinaxis stock opened at C$84.77 on Friday. Kinaxis has a 12-month low of C$63.15 and a 12-month high of C$100.68.

Kinaxis (TSE:KXS) last issued its earnings results on Thursday, August 2nd. The company reported C$0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.24 by C($0.03). Kinaxis had a net margin of 18.01% and a return on equity of 21.57%. The company had revenue of C$50.33 million during the quarter, compared to analyst estimates of C$49.63 million.

About Kinaxis

Kinaxis Inc provides cloud-based software for supply chain operations. The company offers RapidResponse, which provides supply chain planning and analytics capabilities for managing various supply chain management processes, including supply planning, inventory management, order fulfillment, capacity planning, and master scheduling, as well as sales and operations planning process.

See Also: What are trading strategies for the 52-week high/low?

Analyst Recommendations for Kinaxis (TSE:KXS)

Receive News & Ratings for Kinaxis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinaxis and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply