Kinaxis Inc. (TSE:KXS) Stock Has Consensus Price Target of C$210.56 According to Analysts

Kinaxis Inc. (TSE:KXS) has been assigned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$210.56.

KXS has been the topic of a number of research reports. Royal Bank Of Canada set a C$210.00 price target on shares of Kinaxis and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. National Bank Financial increased their price objective on Kinaxis from C$210.00 to C$245.00 and gave the stock an “outperform” rating in a report on Monday, November 9th. Stifel Nicolaus lifted their price objective on Kinaxis from C$200.00 to C$225.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. BMO Capital Markets boosted their target price on Kinaxis from C$195.00 to C$200.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, RBC Dominion Securities set a C$210.00 target price on Kinaxis and gave the company an “outperform” rating in a research note on Friday, October 23rd.

Insiders Place Their Bets

In related news, insider Andrew William Robert Bell sold 3,000 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was 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 in the company, valued at C$261,143.40. This represents a 67.34% decrease in their position. Also, insider James Alexander Hollingworth sold 2,150 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of C$178.94, for a total value of C$384,721.00. Following the completion of the sale, the insider directly owned 4,772 shares of the company’s stock, valued at C$853,901.68. This represents a 31.06% decrease in their ownership of the stock. Insiders sold 13,076 shares of company stock worth $2,335,260 in the last three months. 1.20% of the stock is owned by insiders.

Kinaxis Price Performance

Kinaxis stock traded up C$1.10 during midday trading on Friday, hitting C$229.24. The company’s stock had a trading volume of 197,561 shares, compared to its average volume of 129,074. Kinaxis has a 12 month low of C$117.22 and a 12 month high of C$231.91. The company has a quick ratio of 2.29, a current ratio of 1.81 and a debt-to-equity ratio of 11.18. The company has a market capitalization of C$6.21 billion, a PE ratio of 71.64, a price-to-earnings-growth ratio of 3.60 and a beta of 0.43. The stock’s 50-day moving average price is C$187.40 and its 200-day moving average price is C$158.41.

Kinaxis (TSE:KXS) last announced its earnings results on Wednesday, November 4th. The company reported C$1.72 earnings per share (EPS) for the quarter. Kinaxis had a return on equity of 22.26% and a net margin of 14.33%. The company had revenue of C$228.16 million for the quarter. Analysts anticipate that Kinaxis will post 4.25 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.