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

Shares of Kinaxis Inc. (TSE:KXS) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$205.00.

KXS has been the subject of several analyst reports. CIBC dropped their target price on Kinaxis from C$175.00 to C$170.00 in a research note on Friday, February 28th. ATB Capital lowered Kinaxis from an “outperform” rating to a “sector perform” rating and set a C$210.00 target price for the company. in a research note on Friday, May 9th. Royal Bank of Canada upped their target price on Kinaxis from C$210.00 to C$225.00 in a research note on Friday, May 9th. Stifel Nicolaus upped their price target on Kinaxis from C$195.00 to C$225.00 in a research note on Friday, May 9th. Finally, BMO Capital Markets upped their price target on Kinaxis from C$190.00 to C$225.00 in a research note on Friday, May 9th.

Insiders Place Their Bets

In other news, Senior Officer Christopher John Blaine Fitzgerald sold 39,163 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of C$192.51, for a total value of C$7,539,159.47. Also, Director Angel Luis Mendez sold 10,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of C$194.80, for a total value of C$1,947,966.00. Insiders sold 70,649 shares of company stock worth $13,690,812 over the last three months. 1.20% of the stock is owned by insiders.

Kinaxis Stock Performance

Kinaxis stock opened at C$200.90 on Friday. The firm has a market capitalization of C$4.04 billion, a P/E ratio of 199.39, a PEG ratio of 3.60 and a beta of 0.78. The stock has a fifty day moving average price of C$187.32 and a 200 day moving average price of C$175.17. Kinaxis has a 52 week low of C$132.93 and a 52 week high of C$201.44. The company has a current ratio of 1.89, a quick ratio of 2.29 and a debt-to-equity ratio of 12.12.

Kinaxis Company Profile

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.