Kinaxis Inc. (KXS.TO) – What Are Investment Firms Saying About This Stock?

Shares of Kinaxis Inc. (TSE:KXS) have received a consensus recommendation of “Buy” from the eight analysts that are currently covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have covered the stock in the last year is C$203.89.

Several equities analysts have recently weighed in on the company. RBC Dominion Securities set a C$210.00 price objective on Kinaxis and gave the company an “outperform” rating in a report on Friday, October 23rd. Royal Bank Of Canada set a C$210.00 target price on Kinaxis and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. BMO Capital Markets increased their target price on Kinaxis from C$195.00 to C$200.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, National Bank Financial raised their target price on shares of Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a report on Friday, August 7th.

Kinaxis Stock Performance

KXS stock opened at C$193.69 on Wednesday. The business’s 50-day moving average price is C$179.50 and its two-hundred day moving average price is C$155.49. The company has a current ratio of 1.88, a quick ratio of 2.29 and a debt-to-equity ratio of 11.14. The firm has a market cap of C$5.27 billion, a PE ratio of 63.30, a P/E/G ratio of 3.60 and a beta of 0.58. Kinaxis has a 1-year low of C$117.22 and a 1-year high of C$201.57.

Kinaxis (TSE:KXS) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$1.71 earnings per share (EPS) for the quarter. Kinaxis had a return on equity of 20.88% and a net margin of 14.40%. The company had revenue of C$225.60 million during the quarter. As a group, research analysts forecast that Kinaxis will post 4.25 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Andrew William Robert Bell sold 3,000 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of C$179.48, for a total transaction of C$538,440.00. Following the completion of the sale, the insider owned 1,455 shares of the company’s stock, valued at C$261,143.40. This represents a 67.34% decrease in their ownership of the stock. Also, Director Gillian H. (Jill) Denham sold 15,968 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of C$171.36, for a total transaction of C$2,736,276.48. Following the sale, the director directly owned 18,732 shares of the company’s stock, valued at C$3,209,915.52. This represents a 46.02% decrease in their position. Over the last three months, insiders have sold 33,730 shares of company stock valued at $5,877,368. 1.20% of the stock is owned by corporate insiders.

Kinaxis Company Profile

Kinaxis is a leader in modern supply chain orchestration, powering complex global supply chains, and supporting the people who manage them. Our powerful, AI-infused supply chain orchestration platform, Maestro, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain – from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today’s volatility and disruption.