Analysts Set Kinaxis Inc. (TSE:KXS) PT at C$199.44

Kinaxis Inc. (TSE:KXS) has been given a consensus recommendation of “Buy” by the eight analysts that are covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$199.44.

A number of analysts recently commented on KXS shares. Royal Bank of Canada dropped their price target on Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Stifel Nicolaus dropped their price target on Kinaxis from C$235.00 to C$215.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Eight Capital dropped their price target on Kinaxis from C$230.00 to C$190.00 and set a “buy” rating on the stock in a report on Friday, March 1st. National Bankshares lowered their target price on Kinaxis from C$250.00 to C$225.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st. Finally, BMO Capital Markets lowered their target price on Kinaxis from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st.

Kinaxis Stock Up 0.7 %

Shares of TSE:KXS opened at C$154.00 on Tuesday. The stock has a market cap of C$4.36 billion, a price-to-earnings ratio of 327.66, a PEG ratio of 3.60 and a beta of 0.73. 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 12-month low of C$129.13 and a 12-month high of C$191.80. The business’s 50 day moving average is C$155.50 and its 200 day moving average is C$151.18.

Kinaxis (TSE:KXS) last announced its earnings results on Wednesday, February 28th. The company reported C$0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.68 by C($0.09). The company had revenue of C$152.48 million for the quarter, compared to analysts’ expectations of C$153.36 million. Kinaxis had a net margin of 2.36% and a return on equity of 2.35%. On average, sell-side analysts forecast that Kinaxis will post 2.8145101 earnings per share for the current fiscal year.

Insider Buying and Selling at Kinaxis

In related news, Senior Officer Andrew William Robert Bell sold 683 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of C$148.11, for a total value of C$101,155.85. Following the completion of the transaction, the insider now owns 586 shares of the company’s stock, valued at approximately C$86,789.65. In related news, Senior Officer Andrew William Robert Bell sold 683 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of C$148.11, for a total value of C$101,155.85. Following the completion of the transaction, the insider now owns 586 shares of the company’s stock, valued at approximately C$86,789.65. Also, Director J. Ian Giffen sold 5,000 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$154.14, for a total transaction of C$770,691.50. Over the last ninety days, insiders sold 24,752 shares of company stock valued at $3,685,930. Insiders own 1.17% of the company’s stock.

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.