Kinaxis Inc. (TSE:KXS) Receives C$200.00 Average Target Price from Analysts

Kinaxis Inc. (TSE:KXS) has earned an average rating of “Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$200.00.

KXS has been the subject of a number of analyst reports. Royal Bank Of Canada lifted their price objective on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Stifel Nicolaus reduced their target price on shares of Kinaxis from C$245.00 to C$200.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. National Bank Financial dropped their price objective 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. Canadian Imperial Bank of Commerce upped their price objective on Kinaxis from C$173.00 to C$205.00 in a report on Friday, June 5th. Finally, BMO Capital Markets lifted their target price on Kinaxis from C$180.00 to C$185.00 in a research note on Friday, May 8th.

Insider Activity

In other news, Director Robert G. Courteau sold 5,010 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director directly owned 32,945 shares in the company, valued at approximately C$4,987,543.55. The trade was a 13.20% decrease in their position. Also, insider Conrad John Mandala sold 30,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of C$148.10, for a total value of C$4,443,000.00. Following the completion of the sale, the insider directly owned 820 shares of the company’s stock, valued at approximately C$121,442. This trade represents a 97.34% decrease in their ownership of the stock. Insiders sold 35,934 shares of company stock worth $5,328,181 in the last three months. Insiders own 1.20% of the company’s stock.

Kinaxis Trading Down 1.0%

Shares of Kinaxis stock opened at C$154.54 on Monday. The business has a fifty day simple moving average of C$152.87 and a 200-day simple moving average of C$146.27. Kinaxis has a fifty-two week low of C$117.22 and a fifty-two week high of C$212.45. The firm has a market cap of C$4.22 billion, a price-to-earnings ratio of 52.56, a price-to-earnings-growth ratio of 3.60 and a beta of 0.73. 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 issued its quarterly earnings results on Wednesday, May 6th. The company reported C$1.45 earnings per share for the quarter. The business had revenue of C$230.19 million for the quarter. Kinaxis had a return on equity of 19.72% and a net margin of 14.48%. On average, equities analysts forecast that Kinaxis will post 4.2526231 EPS for the current fiscal year.

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.