Brokerages Set Kinaxis Inc. (TSE:KXS) Target Price at C$199.44

Shares of Kinaxis Inc. (TSE:KXS) have received a consensus rating of “Buy” from the eight research firms that are covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$199.44.

Several analysts have recently commented on KXS shares. TD Securities decreased their price objective on shares of Kinaxis from C$210.00 to C$200.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. CIBC cut their target price on shares of Kinaxis from C$185.00 to C$180.00 and set an “outperform” rating for the company in a report on Friday, March 1st. Stifel Nicolaus reduced their price objective on Kinaxis from C$235.00 to C$215.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. BMO Capital Markets reduced their target price on shares of 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. Finally, Eight Capital decreased their price target on Kinaxis from C$230.00 to C$190.00 and set a “buy” rating for the company in a research note on Friday, March 1st.

Insider Buying and Selling

In other news, Director John Ernest Sicard sold 7,516 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of C$148.11, for a total transaction of C$1,113,158.68. In other news, Director John Ernest Sicard sold 7,516 shares of Kinaxis stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of C$148.11, for a total transaction of C$1,113,158.68. Also, Director J. Ian Giffen sold 5,000 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$154.14, for a total value of C$770,691.50. Insiders sold 24,752 shares of company stock valued at $3,685,930 over the last 90 days. Corporate insiders own 1.15% of the company’s stock.

Kinaxis Trading Up 1.4 %

Shares of KXS stock opened at C$150.92 on Friday. The company has a current ratio of 2.54, a quick ratio of 2.29 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 stock has a market capitalization of C$4.28 billion, a P/E ratio of 314.50, a P/E/G ratio of 3.60 and a beta of 0.76. The firm’s 50 day moving average is C$151.84 and its 200 day moving average is C$150.54.

Kinaxis (TSE:KXS) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$0.59 EPS for the quarter, missing the consensus estimate of C$0.68 by C($0.09). Kinaxis had a return on equity of 2.35% and a net margin of 2.36%. The company had revenue of C$152.48 million during the quarter, compared to analysts’ expectations of C$153.36 million. Research analysts expect that Kinaxis will post 2.8304039 earnings per share for the current 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.