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

Shares of Kinaxis Inc. (TSE:KXS) have been given an average rating of “Buy” by the six ratings firms that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$200.00.

A number of equities research analysts have recently issued reports on KXS shares. Canadian Imperial Bank of Commerce upped their price objective on shares of Kinaxis from C$173.00 to C$205.00 in a research note on Friday, June 5th. Stifel Nicolaus cut their price objective on shares of Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. BMO Capital Markets increased their price target on shares of Kinaxis from C$180.00 to C$185.00 in a research report on Friday, May 8th. Royal Bank Of Canada increased their price target on shares of Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Finally, National Bank Financial dropped their price target on shares of Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th.

Kinaxis Price Performance

Shares of Kinaxis stock opened at C$152.42 on Thursday. Kinaxis has a 52-week low of C$117.22 and a 52-week high of C$212.45. The stock has a market capitalization of C$4.16 billion, a price-to-earnings ratio of 51.84, a price-to-earnings-growth ratio of 3.60 and a beta of 0.72. The company has a fifty day moving average of C$148.64 and a 200-day moving average of C$149.60. The company has a debt-to-equity ratio of 12.15, a quick ratio of 2.29 and a current ratio of 1.72.

Kinaxis (TSE:KXS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$1.45 earnings per share (EPS) for the quarter. Kinaxis had a net margin of 14.48% and a return on equity of 19.72%. The company had revenue of C$230.19 million during the quarter. Equities research analysts expect that Kinaxis will post 4.2526231 EPS for the current year.

Insider Buying and Selling at Kinaxis

In other Kinaxis news, Director Robert G. Courteau sold 5,010 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of C$151.39, for a total transaction of C$758,463.90. Following the completion of the sale, the director owned 32,945 shares of the company’s stock, valued at C$4,987,543.55. This represents a 13.20% decrease in their position. Also, insider Conrad John Mandala sold 924 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of C$137.14, for a total transaction of C$126,717.36. Following the sale, the insider directly owned 820 shares of the company’s stock, valued at C$112,454.80. The trade was a 52.98% decrease in their position. Insiders have sold a total of 35,934 shares of company stock valued at $5,328,181 in the last three months. 1.20% of the stock is currently owned by corporate insiders.

Kinaxis Company Profile

Kinaxis is a leader in modern supply chain orchestration, powering complex global supply chains, and supporting the people who manage them. Our powerful, AI-infused supply chain orchestration platform, Maestro, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain – from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today’s volatility and disruption.