Kinaxis Inc. (TSE:KXS) Given Average Rating of “Buy” by Brokerages

Kinaxis Inc. (TSE:KXS) has been assigned an average recommendation of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$203.12.

Several brokerages have issued reports on KXS. National Bank Financial increased their target price on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. BMO Capital Markets raised their price objective on Kinaxis from C$195.00 to C$200.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce lifted their target price on Kinaxis from C$173.00 to C$205.00 in a research note on Friday, June 5th. Stifel Nicolaus decreased their price target on shares of Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada set a C$210.00 price target on shares of Kinaxis and gave the company an “outperform” rating in a report on Wednesday, August 26th.

Insider Buying and Selling

In other Kinaxis news, Director Gillian H. (Jill) Denham sold 15,968 shares of Kinaxis stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of C$171.36, for a total value of C$2,736,276.48. Following the transaction, the director directly owned 18,732 shares of the company’s stock, valued at approximately C$3,209,915.52. The trade was a 46.02% decrease in their ownership of the stock. Also, insider Mark Justin Morgan sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of C$172.25, for a total value of C$516,750.00. Following the transaction, the insider directly owned 10,299 shares in the company, valued at approximately C$1,774,002.75. The trade was a 22.56% decrease in their ownership of the stock. Insiders sold 29,016 shares of company stock valued at $5,037,075 over the last quarter. Insiders own 1.20% of the company’s stock.

Kinaxis Price Performance

Shares of KXS opened at C$177.09 on Tuesday. The company has a 50 day moving average price of C$162.92 and a 200-day moving average price of C$149.29. Kinaxis has a fifty-two week low of C$117.22 and a fifty-two week high of C$192.14. The stock has a market capitalization of C$4.81 billion, a PE ratio of 57.87, a PEG ratio of 3.60 and a beta of 0.76. The company has a debt-to-equity ratio of 11.14, a quick ratio of 2.29 and a current ratio of 1.88.

Kinaxis (TSE:KXS) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.08 earnings per share (EPS) for the quarter. The company had revenue of C$230.64 million for the quarter. Kinaxis had a net margin of 14.40% and a return on equity of 20.88%. Equities analysts predict 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.