Kinaxis Inc. (TSE:KXS) Receives C$228.38 Average Target Price from Analysts

Shares of Kinaxis Inc. (TSE:KXS) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$228.38.

KXS has been the topic of several recent research reports. National Bankshares set a C$240.00 target price on Kinaxis and gave the stock an “outperform” rating in a report on Thursday, October 23rd. CIBC upgraded Kinaxis from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from C$201.00 to C$203.00 in a research report on Monday, December 15th. TD Securities boosted their price objective on Kinaxis from C$225.00 to C$229.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Finally, Cibc Captl Mkts raised Kinaxis from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 15th.

Insider Activity

In other news, insider Kushan Krishna Surana sold 222 shares of Kinaxis stock in a transaction dated Monday, November 10th. The stock was sold at an average price of C$177.41, for a total transaction of C$39,385.02. Following the sale, the insider owned 19 shares in the company, valued at approximately C$3,370.79. The trade was a 92.12% decrease in their ownership of the stock. Insiders own 1.20% of the company’s stock.

Kinaxis Trading Up 0.2%

KXS stock opened at C$175.27 on Thursday. Kinaxis has a twelve month low of C$149.96 and a twelve month high of C$212.45. The stock has a market capitalization of C$4.92 billion, a price-to-earnings ratio of 146.06, a price-to-earnings-growth ratio of 3.60 and a beta of 0.74. The company has a quick ratio of 2.29, a current ratio of 1.89 and a debt-to-equity ratio of 12.12. The firm’s fifty day simple moving average is C$175.05 and its two-hundred day simple moving average is C$187.15.

Kinaxis (TSE:KXS) last posted its quarterly earnings results on Wednesday, November 5th. The company reported C$0.58 EPS for the quarter. The firm had revenue of C$187.41 million for the quarter. Kinaxis had a net margin of 4.33% and a return on equity of 4.69%. As a group, analysts anticipate that Kinaxis will post 4.2526231 earnings per share for the current year.

Kinaxis Company Profile

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm’s flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation. Kinaxis’s S&OP solution capabilities include supply and demand planning, capacity and inventory planning, and inventory management. The firm has operations in North America, Europe, and Asia-Pacific regions.