Kinaxis Inc. (TSE:KXS) Receives Average Rating of “Buy” from Analysts

Kinaxis Inc. (TSE:KXS) has earned a consensus recommendation of “Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$200.00.

KXS has been the topic of a number of research analyst reports. TD Securities decreased their price target on shares of Kinaxis from C$229.00 to C$200.00 and set a “buy” rating on the stock in a report on Friday, March 6th. Canadian Imperial Bank of Commerce increased their price target on shares of Kinaxis from C$173.00 to C$205.00 in a report on Friday, June 5th. Royal Bank Of Canada increased their price target on shares of Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. National Bank Financial decreased their price target on shares of Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Finally, Canaccord Genuity Group decreased their price target on shares of Kinaxis from C$225.00 to C$200.00 in a report on Friday, March 6th.

Insiders Place Their Bets

In other news, insider Conrad John Mandala sold 30,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$148.10, for a total value of C$4,443,000.00. Following the transaction, the insider owned 820 shares of the company’s stock, valued at C$121,442. This represents a 97.34% decrease in their position. Also, Director Robert G. Courteau sold 5,010 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of C$151.39, for a total transaction of C$758,463.90. Following the completion of the transaction, the director directly owned 32,945 shares in the company, valued at C$4,987,543.55. The trade was a 13.20% decrease in their position. Insiders sold a total of 35,934 shares of company stock worth $5,328,181 in the last three months. Insiders own 1.20% of the company’s stock.

Kinaxis Price Performance

Shares of TSE:KXS opened at C$152.42 on Thursday. The company’s fifty day moving average price is C$148.64 and its 200-day moving average price is C$149.60. The firm has a market capitalization of C$4.16 billion, a price-to-earnings ratio of 51.84, a PEG ratio of 3.60 and a beta of 0.72. Kinaxis has a one year low of C$117.22 and a one year high of C$212.45. The company has a debt-to-equity ratio of 12.15, a current ratio of 1.72 and a quick ratio of 2.29.

Kinaxis (TSE:KXS) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$1.45 EPS for the quarter. The firm had revenue of C$230.19 million for the quarter. Kinaxis had a net margin of 14.48% and a return on equity of 19.72%. On average, equities research analysts anticipate that Kinaxis will post 4.2526231 earnings per share for the current fiscal year.

About Kinaxis

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.