Kinaxis Inc (KXS) Given Average Recommendation of “Buy” by Brokerages
Shares of Kinaxis Inc (TSE:KXS) have received a consensus rating of “Buy” from the ten ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$84.67.
A number of equities analysts recently weighed in on the stock. Eight Capital reiterated a “buy” rating and issued a C$91.00 price objective on shares of Kinaxis in a research report on Tuesday, April 25th. TD Securities reiterated a “buy” rating and issued a C$81.00 price objective on shares of Kinaxis in a research report on Monday, May 1st. Royal Bank Of Canada lifted their price objective on shares of Kinaxis from C$82.00 to C$100.00 and gave the company an “outperform” rating in a research report on Tuesday, May 2nd. Finally, Scotiabank lifted their price objective on shares of Kinaxis from C$76.00 to C$87.00 and gave the company a “sector perform” rating in a research report on Friday, May 5th.
Kinaxis (TSE:KXS) traded up 1.54% during trading on Monday, hitting $81.95. 23,261 shares of the company traded hands. The company’s 50-day moving average is $83.12 and its 200 day moving average is $76.66. The firm has a market cap of $2.07 billion and a price-to-earnings ratio of 204.36. Kinaxis has a 52-week low of $50.80 and a 52-week high of $91.98.
In other Kinaxis news, insider John Randall Erwin sold 2,900 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of C$85.88, for a total transaction of C$249,052.00. Also, insider Vasile Gelu Ticala sold 4,375 shares of the business’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of C$85.57, for a total transaction of C$374,368.75. Insiders have sold a total of 120,227 shares of company stock worth $10,457,758 over the last 90 days.
Kinaxis Company Profile
Kinaxis Inc is a provider of cloud-based subscription software for supply chain operations. The Company offers RapidResponse as a collection of cloud-based configurable applications. The Company’s RapidResponse product provides supply chain planning and analytics capabilities that create the foundation for managing multiple, interconnected supply chain management processes, including demand planning, supply planning, inventory management, order fulfillment and capacity planning.
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