Kinaxis Inc. (TSE:KXS) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Kinaxis Inc. (TSE:KXS) have been given an average recommendation of “Moderate Buy” by the seven research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$205.00.

A number of brokerages have recently issued reports on KXS. ATB Capital cut Kinaxis from an “outperform” rating to a “sector perform” rating and set a C$210.00 price objective for the company. in a report on Friday, May 9th. Stifel Nicolaus boosted their price objective on Kinaxis from C$195.00 to C$225.00 in a report on Friday, May 9th. Atb Cap Markets cut Kinaxis from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. CIBC cut their price target on Kinaxis from C$175.00 to C$170.00 in a research note on Friday, February 28th. Finally, BMO Capital Markets boosted their price target on Kinaxis from C$190.00 to C$225.00 in a research note on Friday, May 9th.

Insider Buying and Selling at Kinaxis

In related news, Senior Officer Christopher John Blaine Fitzgerald sold 39,163 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of C$192.51, for a total value of C$7,539,159.47. Also, Senior Officer Andrew William Robert Bell sold 683 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of C$155.62, for a total transaction of C$106,289.69. Following the completion of the transaction, the insider now directly owns 831 shares of the company’s stock, valued at approximately C$129,321.72. This trade represents a 45.11% decrease in their ownership of the stock. In the last 90 days, insiders sold 66,907 shares of company stock worth $12,755,673. Insiders own 1.20% of the company’s stock.

Kinaxis Price Performance

Shares of TSE KXS opened at C$199.20 on Wednesday. The business’s 50 day moving average price is C$174.07 and its two-hundred day moving average price is C$171.79. The company has a market cap of C$4.01 billion, a PE ratio of 197.70, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. The company has a quick ratio of 2.29, a current ratio of 1.89 and a debt-to-equity ratio of 12.12. Kinaxis has a twelve month low of C$132.93 and a twelve month high of C$201.44.

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.