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

Shares of Kinaxis Inc. (TSE:KXS) have been given an average recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eight 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$192.67.

A number of brokerages recently issued reports on KXS. ATB Capital increased their target price on Kinaxis from C$205.00 to C$215.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Securities reduced their price objective on shares of Kinaxis from C$195.00 to C$190.00 and set a “buy” rating for the company in a report on Friday, November 1st.

Insider Activity

In other news, Director John Ernest Sicard sold 24,147 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of C$167.91, for a total transaction of C$4,054,585.55. Also, Senior Officer David Peter Kelly sold 1,500 shares of Kinaxis stock in a transaction on Monday, November 4th. The stock was sold at an average price of C$162.21, for a total value of C$243,319.95. Insiders sold a total of 55,200 shares of company stock worth $9,478,652 over the last quarter. Insiders own 1.20% of the company’s stock.

Kinaxis Price Performance

KXS stock opened at C$170.25 on Tuesday. The company has a debt-to-equity ratio of 12.40, a current ratio of 1.90 and a quick ratio of 2.29. The company’s 50-day moving average is C$174.89 and its 200-day moving average is C$162.92. The stock has a market capitalization of C$4.81 billion, a PE ratio of 170.25, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. Kinaxis has a 1 year low of C$132.93 and a 1 year high of C$190.17.

Kinaxis (TSE:KXS) last announced its quarterly earnings results on Wednesday, October 30th. The company reported C$0.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of C$170.56 million. Equities research analysts expect that Kinaxis will post 4.2526231 EPS for the current fiscal year.

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.