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

Kinaxis Inc. (TSE:KXS) has been assigned a consensus rating of “Buy” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$228.38.

A number of brokerages have recently commented on KXS. Cibc Captl Mkts raised Kinaxis from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. National Bankshares set a C$240.00 target price on Kinaxis and gave the stock an “outperform” rating in a report on Thursday, October 23rd. TD Securities raised Kinaxis to a “strong-buy” rating in a research note on Tuesday, January 13th. CIBC raised Kinaxis from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from C$201.00 to C$203.00 in a research report on Monday, December 15th. Finally, Royal Bank Of Canada set a C$235.00 price objective on shares of Kinaxis and gave the company an “outperform” rating in a research note on Wednesday, January 7th.

Kinaxis Price Performance

KXS stock opened at C$149.09 on Monday. The stock has a market capitalization of C$4.18 billion, a price-to-earnings ratio of 124.24, a PEG ratio of 3.60 and a beta of 0.81. The firm’s 50-day moving average price is C$171.89 and its two-hundred day moving average price is C$182.57. The company has a current ratio of 1.89, a quick ratio of 2.29 and a debt-to-equity ratio of 12.12. Kinaxis has a 12-month low of C$147.06 and a 12-month high of C$212.45.

Kinaxis (TSE:KXS) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$0.58 EPS for the quarter. The business had revenue of C$187.41 million during the quarter. Kinaxis had a return on equity of 4.69% and a net margin of 4.33%. As a group, equities analysts predict that Kinaxis will post 4.2526231 earnings per share for the current year.

Insider Transactions at Kinaxis

In related news, insider Kushan Krishna Surana sold 222 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of C$177.41, for a total transaction of C$39,385.02. Following the transaction, the insider owned 19 shares in the company, valued at C$3,370.79. This represents a 92.12% decrease in their ownership of the stock. Corporate insiders own 1.20% of the company’s stock.

Kinaxis Company Profile

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm’s flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation. Kinaxis’s S&OP solution capabilities include supply and demand planning, capacity and inventory planning, and inventory management. The firm has operations in North America, Europe, and Asia-Pacific regions.