Kinaxis Inc. (TSE:KXS) Stock Now Rated “Buy” by Sell-Side Analysts

Shares of Kinaxis Inc. (TSE:KXS) have earned an average recommendation of “Buy” from the seven analysts that are covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$203.12.

KXS has been the topic of several research reports. Canadian Imperial Bank of Commerce boosted their price target on shares of Kinaxis from C$173.00 to C$205.00 in a research report on Friday, June 5th. National Bank Financial raised their price objective on shares of Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Royal Bank Of Canada set a C$210.00 price objective on shares of Kinaxis and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Finally, BMO Capital Markets lifted their price objective on shares of Kinaxis from C$195.00 to C$200.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th.

Kinaxis Stock Down 0.2%

KXS opened at C$176.22 on Friday. The company has a debt-to-equity ratio of 11.14, a quick ratio of 2.29 and a current ratio of 1.88. The company has a market capitalization of C$4.79 billion, a PE ratio of 57.59, a P/E/G ratio of 3.60 and a beta of 0.71. The stock’s fifty day moving average is C$170.75 and its 200-day moving average is C$155.52. Kinaxis has a one year low of C$117.22 and a one year high of C$186.98.

Kinaxis (TSE:KXS) last announced its earnings results on Wednesday, August 5th. The company reported C$1.08 earnings per share for the quarter. Kinaxis had a return on equity of 20.88% and a net margin of 14.40%.The business had revenue of C$230.64 million during the quarter. On average, equities analysts predict that Kinaxis will post 4.2526231 EPS for the current fiscal year.

Insider Activity

In other Kinaxis news, insider Andrew William Robert Bell sold 3,000 shares of Kinaxis stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of C$179.48, for a total value of C$538,440.00. Following the transaction, the insider owned 1,455 shares in the company, valued at approximately C$261,143.40. The trade was a 67.34% decrease in their ownership of the stock. Also, insider James Alexander Hollingworth sold 2,150 shares of Kinaxis stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of C$178.94, for a total transaction of C$384,721.00. Following the completion of the transaction, the insider owned 4,772 shares in the company, valued at approximately C$853,901.68. This trade represents a 31.06% decrease in their position. Insiders sold a total of 33,730 shares of company stock valued at $5,877,368 in the last ninety days. 1.20% of the stock is owned by company insiders.

About Kinaxis

Kinaxis is a leader in modern supply chain orchestration, powering complex global supply chains, and supporting the people who manage them. Our powerful, AI-infused supply chain orchestration platform, Maestro, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain – from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today’s volatility and disruption.