Kinaxis Inc (KXS) Receives Consensus Rating of “Buy” from Analysts

Kinaxis Inc (TSE:KXS) has received an average recommendation of “Buy” from the ten brokerages that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$90.40.

KXS has been the topic of a number of research reports. CIBC raised Kinaxis from a “neutral” rating to an “outperform” rating in a research report on Friday, November 3rd. Royal Bank of Canada upped their target price on Kinaxis from C$85.00 to C$90.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Scotiabank lowered their target price on Kinaxis from C$81.00 to C$78.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 24th. Finally, National Bank Financial upped their target price on Kinaxis from C$90.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th.

Shares of Kinaxis (TSE:KXS) traded down C$0.48 during trading hours on Friday, hitting C$78.05. The stock had a trading volume of 68,346 shares, compared to its average volume of 64,676. Kinaxis has a one year low of C$63.15 and a one year high of C$91.98. The firm has a market capitalization of $2,050.00, a price-to-earnings ratio of 100.04 and a beta of 0.95.

In related news, insider John Randall Erwin sold 3,333 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of C$74.71, for a total value of C$249,008.43. Also, insider Richard George Monkman sold 27,900 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of C$73.35, for a total value of C$2,046,465.00. Insiders sold a total of 71,849 shares of company stock valued at $5,050,944 over the last three months.

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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.

Analyst Recommendations for Kinaxis (TSE:KXS)

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