Kinaxis Inc. (TSE:KXS) Receives Average Recommendation of “Buy” from Brokerages

Kinaxis Inc. (TSE:KXS) has been given a consensus rating of “Buy” by the eight ratings firms that are presently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have covered the stock in the last year is C$199.44.

Several brokerages have commented on KXS. Scotiabank decreased their price objective on shares of Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating for the company in a research note on Friday, March 1st. Eight Capital decreased their price objective on shares of Kinaxis from C$230.00 to C$190.00 and set a “buy” rating for the company in a research note on Friday, March 1st. BMO Capital Markets decreased their price objective on shares of Kinaxis from C$190.00 to C$175.00 and set an “outperform” rating for the company in a research note on Friday, March 1st. Royal Bank of Canada decreased their price objective on shares of Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating for the company in a research note on Friday, March 1st. Finally, CIBC decreased their price objective on shares of Kinaxis from C$185.00 to C$180.00 and set an “outperform” rating for the company in a research note on Friday, March 1st.

Insider Activity at Kinaxis

In related news, Director J. Ian Giffen sold 5,000 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$154.14, for a total value of C$770,691.50. In related news, Director J. Ian Giffen sold 5,000 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$154.14, for a total value of C$770,691.50. Also, Senior Officer Andrew William Robert Bell sold 683 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of C$148.11, for a total transaction of C$101,155.85. Following the completion of the sale, the insider now directly owns 586 shares of the company’s stock, valued at approximately C$86,789.65. Insiders sold a total of 24,752 shares of company stock worth $3,685,930 in the last three months. Company insiders own 1.15% of the company’s stock.

Kinaxis Stock Down 0.5 %

KXS stock opened at C$151.71 on Friday. The firm has a 50 day moving average of C$151.30 and a 200 day moving average of C$150.58. The stock has a market capitalization of C$4.30 billion, a PE ratio of 316.06, a price-to-earnings-growth ratio of 3.60 and a beta of 0.76. The company has a quick ratio of 2.29, a current ratio of 2.54 and a debt-to-equity ratio of 11.39. Kinaxis has a 52 week low of C$129.13 and a 52 week high of C$191.80.

Kinaxis (TSE:KXS) last released its earnings results on Wednesday, February 28th. The company reported C$0.59 EPS for the quarter, missing analysts’ consensus estimates of C$0.68 by C($0.09). The company had revenue of C$152.48 million during the quarter, compared to analyst estimates of C$153.36 million. Kinaxis had a return on equity of 2.35% and a net margin of 2.36%. Sell-side analysts forecast that Kinaxis will post 2.8304039 earnings per share for the current year.

About Kinaxis

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services.