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

Kinaxis Inc. (TSE:KXS) has been given an average rating of “Moderate Buy” by the nine research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$192.67.

A number of brokerages have issued reports on KXS. TD Securities reduced their price objective on shares of Kinaxis from C$195.00 to C$190.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. ATB Capital increased their price target on shares of Kinaxis from C$205.00 to C$215.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st.

Insider Buying and Selling at Kinaxis

In other news, Senior Officer Megan Paterson sold 9,512 shares of Kinaxis stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$167.76, for a total transaction of C$1,595,735.02. Following the transaction, the insider now owns 121 shares in the company, valued at approximately C$20,298.98. The trade was a 98.74 % decrease in their ownership of the stock. Also, Senior Officer David Peter Kelly sold 1,500 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of C$162.21, for a total transaction of C$243,319.95. Insiders have sold 55,200 shares of company stock worth $9,478,652 over the last quarter. Corporate insiders own 1.20% of the company’s stock.

Kinaxis Price Performance

Shares of Kinaxis stock opened at C$170.64 on Tuesday. The company has a quick ratio of 2.29, a current ratio of 1.90 and a debt-to-equity ratio of 12.40. The stock has a market capitalization of C$4.82 billion, a price-to-earnings ratio of 170.64, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. Kinaxis has a twelve month low of C$132.93 and a twelve month high of C$190.17. The company has a 50-day simple moving average of C$174.58 and a two-hundred day simple moving average of C$162.77.

Kinaxis (TSE:KXS) last released its quarterly earnings results on Wednesday, October 30th. The company reported C$0.47 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.43 by C$0.04. The company had revenue of C$165.79 million during the quarter, compared to the consensus estimate of C$170.56 million. Kinaxis had a net margin of 4.59% and a return on equity of 4.87%. Analysts forecast that Kinaxis will post 4.2526231 EPS for the current year.

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.