Kinaxis Inc. (TSE:KXS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Kinaxis Inc. (TSE:KXS) has earned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$192.67.

A number of equities research analysts have weighed in on KXS shares. TD Securities lowered their price target on Kinaxis from C$195.00 to C$190.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Scotiabank lowered their price target on Kinaxis from C$200.00 to C$190.00 in a research report on Thursday, August 29th. Finally, ATB Capital lifted their price objective on Kinaxis from C$205.00 to C$215.00 and gave the stock an “outperform” rating in a report on Friday, November 1st.

Kinaxis Trading Down 0.4 %

TSE KXS opened at C$181.25 on Friday. The stock’s 50-day simple moving average is C$168.20 and its two-hundred day simple moving average is C$159.27. Kinaxis has a twelve month low of C$132.93 and a twelve month high of C$190.17. The company has a quick ratio of 2.29, a current ratio of 1.90 and a debt-to-equity ratio of 12.40. The company has a market capitalization of C$5.12 billion, a price-to-earnings ratio of 181.96, a PEG ratio of 3.60 and a beta of 0.78.

Kinaxis (TSE:KXS) last released its quarterly earnings results on Wednesday, October 30th. The company reported C$0.47 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.43 by C$0.04. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. The business had revenue of C$165.79 million for the quarter, compared to the consensus estimate of C$170.56 million. Research analysts forecast that Kinaxis will post 4.2526231 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director John Ernest Sicard sold 7,323 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of C$185.05, for a total value of C$1,355,126.28. Also, Senior Officer Christopher John Blaine Fitzgerald sold 2,003 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of C$185.05, for a total value of C$370,656.55. Insiders have sold 53,100 shares of company stock valued at $9,105,339 over the last ninety days. 1.20% of the stock is owned by insiders.

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.