Kinaxis Inc. (TSE:KXS) Receives C$200.00 Consensus Target Price from Brokerages

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

A number of analysts recently weighed in on KXS shares. BMO Capital Markets upped their price target on shares of Kinaxis from C$180.00 to C$185.00 in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce upped their price target on shares of Kinaxis from C$173.00 to C$205.00 in a research report on Friday, June 5th. Royal Bank Of Canada upped their price target on shares of Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Canaccord Genuity Group decreased their price target on shares of Kinaxis from C$225.00 to C$200.00 in a research report on Friday, March 6th. Finally, Stifel Nicolaus decreased their price target on shares of Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th.

Insiders Place Their Bets

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

Kinaxis Stock Down 2.9%

Shares of TSE KXS opened at C$142.25 on Thursday. Kinaxis has a 52-week low of C$117.22 and a 52-week high of C$212.45. The firm has a fifty day moving average of C$149.00 and a 200-day moving average of C$148.99. The stock has a market capitalization of C$3.89 billion, a PE ratio of 48.38, a P/E/G ratio of 3.60 and a beta of 0.72. The company has a quick ratio of 2.29, a current ratio of 1.72 and a debt-to-equity ratio of 12.15.

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. On average, analysts anticipate that Kinaxis will post 4.2526231 EPS for the current year.

About Kinaxis

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.