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

Kinaxis Inc. (TSE:KXS) has earned an average recommendation of “Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$200.00.

KXS has been the topic of several research analyst reports. BMO Capital Markets lifted their price target on shares of Kinaxis from C$180.00 to C$185.00 in a research note on Friday, May 8th. Royal Bank Of Canada raised their price objective on shares of Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Stifel Nicolaus lowered their price objective on shares of Kinaxis from C$245.00 to C$200.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. TD Securities lowered their price objective on shares of Kinaxis from C$229.00 to C$200.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Finally, Canadian Imperial Bank of Commerce raised their price objective on shares of Kinaxis from C$173.00 to C$205.00 in a research report on Friday, June 5th.

Kinaxis Price Performance

Shares of TSE:KXS opened at C$149.90 on Thursday. The company’s fifty day moving average price is C$149.45 and its 200 day moving average price is C$148.60. Kinaxis has a 12 month low of C$117.22 and a 12 month 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. The firm has a market capitalization of C$4.10 billion, a P/E ratio of 50.99, a P/E/G ratio of 3.60 and a beta of 0.72.

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

Insider Buying and Selling at Kinaxis

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