Brokerages Set Kinaxis Inc. (TSE:KXS) Price Target at C$192.67

Shares of Kinaxis Inc. (TSE:KXS) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$192.67.

Several equities research analysts recently weighed in on the company. ATB Capital raised their price objective on Kinaxis from C$205.00 to C$215.00 and gave the company an “outperform” rating in a report on Friday, November 1st. TD Securities cut their price target on Kinaxis from C$195.00 to C$190.00 and set a “buy” rating on the stock in a research note on Friday, November 1st.

Insider Activity at Kinaxis

In other Kinaxis news, Senior Officer David Peter Kelly sold 1,500 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of C$162.21, for a total transaction of C$243,319.95. Also, Senior Officer Megan Paterson sold 9,512 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$167.76, for a total value of C$1,595,735.02. Following the sale, the insider now owns 121 shares of the company’s stock, valued at approximately C$20,298.98. The trade was a 98.74 % decrease in their ownership of the stock. Insiders have sold 55,200 shares of company stock worth $9,478,652 over the last ninety days. Insiders own 1.20% of the company’s stock.

Kinaxis Stock Performance

Kinaxis stock opened at C$170.25 on Tuesday. The stock has a market cap of C$4.81 billion, a PE ratio of 170.25, a P/E/G ratio of 3.60 and a beta of 0.78. The company has a quick ratio of 2.29, a current ratio of 1.90 and a debt-to-equity ratio of 12.40. Kinaxis has a 12-month low of C$132.93 and a 12-month high of C$190.17. The business’s 50-day moving average price is C$174.89 and its two-hundred day moving average price is C$162.92.

Kinaxis (TSE:KXS) last released its quarterly earnings data on Wednesday, October 30th. The company reported C$0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.43 by C$0.04. The business had revenue of C$165.79 million during the quarter, compared to analysts’ expectations of C$170.56 million. Kinaxis had a net margin of 4.59% and a return on equity of 4.87%. As a group, analysts expect that Kinaxis will post 4.2526231 earnings per share 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.