Kinaxis Inc. (TSE:KXS) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Kinaxis Inc. (TSE:KXS) have received an average recommendation of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have covered the stock in the last year is C$199.44.

A number of equities analysts have recently issued reports on the company. CIBC lowered their price objective on Kinaxis from C$185.00 to C$180.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. BMO Capital Markets lowered their price objective on Kinaxis from C$190.00 to C$175.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. Stifel Nicolaus lowered their price objective on Kinaxis from C$235.00 to C$215.00 and set a “buy” rating for the company in a research report on Friday, March 1st. Royal Bank of Canada decreased their target price on Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating for the company in a research note on Friday, March 1st. Finally, Eight Capital decreased their target price 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.

Kinaxis Price Performance

Kinaxis stock opened at C$148.79 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. The company has a market capitalization of C$4.22 billion, a PE ratio of 309.98, a P/E/G ratio of 3.60 and a beta of 0.76. Kinaxis has a 12 month low of C$129.13 and a 12 month high of C$191.80. The stock has a 50-day moving average price of C$152.07 and a two-hundred day moving average price of C$150.54.

Kinaxis (TSE:KXS) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of C$153.36 million. Analysts expect that Kinaxis will post 2.8304039 EPS for the current year.

Insider Buying and Selling at Kinaxis

In other Kinaxis news, Senior Officer Andrew William Robert Bell sold 250 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of C$150.23, for a total value of C$37,557.50. Following the completion of the sale, the insider now owns 586 shares of the company’s stock, valued at C$88,034.78. In other Kinaxis news, Senior Officer Andrew William Robert Bell sold 250 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of C$150.23, for a total value of C$37,557.50. Following the completion of the sale, the insider now owns 586 shares of the company’s stock, valued at C$88,034.78. Also, Director J. Ian Giffen sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$154.14, for a total value of C$770,691.50. Over the last quarter, insiders sold 24,752 shares of company stock valued at $3,685,930. Company insiders own 1.15% of the company’s stock.

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.