Kinaxis Inc. (TSE:KXS) Receives Consensus Rating of “Moderate Buy” from Analysts

Kinaxis Inc. (TSE:KXS) has received an average rating of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$192.11.

Several brokerages have recently issued reports on KXS. TD Securities decreased their price target on Kinaxis from C$200.00 to C$195.00 in a research note on Friday, August 2nd. Scotiabank lowered their target price on Kinaxis from C$200.00 to C$190.00 in a research note on Thursday, August 29th. ATB Capital reduced their price target on shares of Kinaxis from C$215.00 to C$205.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Stifel Nicolaus lowered their price objective on shares of Kinaxis from C$210.00 to C$195.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, CIBC lowered shares of Kinaxis from an “outperform” rating to a “neutral” rating and cut their target price for the company from C$180.00 to C$154.00 in a research report on Friday, June 21st.

Kinaxis Trading Down 1.0 %

KXS opened at C$158.50 on Friday. The stock has a market capitalization of C$4.48 billion, a price-to-earnings ratio of 160.10, a P/E/G ratio of 3.60 and a beta of 0.77. The company has a quick ratio of 2.29, a current ratio of 1.90 and a debt-to-equity ratio of 12.40. Kinaxis has a twelve month low of C$129.13 and a twelve month high of C$172.83. The company has a 50-day simple moving average of C$154.47 and a 200 day simple moving average of C$153.23.

Kinaxis (TSE:KXS) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.42 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.15. The company had revenue of C$161.83 million during the quarter, compared to the consensus estimate of C$160.55 million. Kinaxis had a net margin of 4.59% and a return on equity of 4.87%. Analysts predict that Kinaxis will post 4.237851 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Robert G. Courteau purchased 2,800 shares of Kinaxis stock in a transaction on Wednesday, August 28th. The shares were purchased at an average price of C$138.01 per share, for a total transaction of C$386,428.00. In other news, Director Robert G. Courteau acquired 2,800 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was bought at an average cost of C$138.01 per share, for a total transaction of C$386,428.00. Also, Senior Officer Claire Ruth Rychlewski sold 4,392 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of C$152.00, for a total transaction of C$667,584.00. Insiders sold a total of 8,265 shares of company stock valued at $1,268,146 in the last three months. 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.