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

Shares of Kinaxis Inc. (TSE:KXS) have received a consensus recommendation of “Buy” from the eight brokerages that are presently covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$199.44.

A number of equities research analysts have recently weighed in on KXS shares. TD Securities dropped their price objective on Kinaxis from C$210.00 to C$200.00 and set a “buy” rating for the company in a research note on Friday, March 1st. 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 report on Friday, March 1st. Scotiabank decreased their price target on Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating for the company in a report on Friday, March 1st. Stifel Nicolaus decreased their price target on Kinaxis from C$235.00 to C$215.00 and set a “buy” rating for the company in a report on Friday, March 1st. Finally, Royal Bank of Canada decreased their price target on Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating for the company in a report on Friday, March 1st.

Kinaxis Price Performance

KXS stock opened at C$150.21 on Friday. The business has a fifty day moving average of C$150.85 and a two-hundred day moving average of C$150.58. The company has a quick ratio of 2.29, a current ratio of 2.54 and a debt-to-equity ratio of 11.39. The stock has a market cap of C$4.26 billion, a price-to-earnings ratio of 312.94, a price-to-earnings-growth ratio of 3.60 and a beta of 0.76. Kinaxis has a 52-week low of C$129.13 and a 52-week high of C$191.80.

Kinaxis (TSE:KXS) last posted its earnings results on Wednesday, February 28th. The company reported C$0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.68 by C($0.09). The business had revenue of C$152.48 million for the quarter, compared to analyst estimates of C$153.36 million. Kinaxis had a return on equity of 2.35% and a net margin of 2.36%. As a group, research analysts anticipate that Kinaxis will post 2.8304039 earnings per share for the current year.

Insider Activity at Kinaxis

In related news, Director John Ernest Sicard sold 7,516 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$148.11, for a total value of C$1,113,158.68. In other news, Senior Officer Andrew William Robert Bell sold 683 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of C$148.11, for a total transaction of C$101,155.85. Following the sale, the insider now owns 586 shares of the company’s stock, valued at approximately C$86,789.65. Also, Director John Ernest Sicard sold 7,516 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of C$148.11, for a total value of C$1,113,158.68. Insiders have sold 24,752 shares of company stock worth $3,685,930 in the last quarter. Company insiders own 1.15% of the company’s stock.

Kinaxis Company Profile

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.