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

Shares of Kinaxis Inc. (TSE:KXS) have been given a consensus rating of “Moderate Buy” by the six analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$195.00.

A number of research analysts recently commented on the stock. Royal Bank of Canada set a C$210.00 price target on shares of Kinaxis and gave the company an “outperform” rating in a report on Friday. CIBC dropped their target price on Kinaxis from C$175.00 to C$170.00 in a report on Friday, February 28th.

Kinaxis Price Performance

KXS stock opened at C$158.82 on Tuesday. Kinaxis has a 52 week low of C$132.93 and a 52 week high of C$190.17. The firm has a market capitalization of C$3.19 billion, a P/E ratio of 157.63, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. The company has a fifty day simple moving average of C$164.60 and a two-hundred day simple moving average of C$165.72. The company has a quick ratio of 2.29, a current ratio of 1.89 and a debt-to-equity ratio of 12.12.

Insider Buying and Selling at Kinaxis

In related news, Senior Officer Christopher John Blaine Fitzgerald sold 2,177 shares of Kinaxis stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of C$156.26, for a total transaction of C$340,172.58. Also, Senior Officer Andrew William Robert Bell sold 683 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of C$155.62, for a total transaction of C$106,289.69. Following the completion of the transaction, the insider now owns 831 shares in the company, valued at C$129,321.72. This represents a 45.11 % decrease in their ownership of the stock. Insiders sold 4,924 shares of company stock worth $770,090 over the last 90 days. Company insiders own 1.20% of the company’s stock.

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.