Analysts Set Kinaxis Inc. (TSE:KXS) Price Target at C$199.44

Shares of Kinaxis Inc. (TSE:KXS) have been assigned a consensus rating of “Buy” from the eight research firms that are covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$199.44.

A number of brokerages recently weighed in on KXS. TD Securities dropped their price objective on Kinaxis from C$210.00 to C$200.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Royal Bank of Canada cut their price target on shares of Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating for the company in a report on Friday, March 1st. Scotiabank reduced their price objective on shares of Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating for the company in a research note on Friday, March 1st. Eight Capital lowered their target price on shares of Kinaxis from C$230.00 to C$190.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. Finally, BMO Capital Markets reduced their price target on shares of Kinaxis from C$190.00 to C$175.00 and set an “outperform” rating for the company in a research report on Friday, March 1st.

Insider Transactions at Kinaxis

In other Kinaxis news, Director John Ernest Sicard sold 7,516 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of C$148.11, for a total value of C$1,113,158.68. In other news, Director J. Ian Giffen sold 5,000 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$154.14, for a total transaction of C$770,691.50. Also, Director John Ernest Sicard sold 7,516 shares of the company’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. Insiders sold a total of 24,752 shares of company stock valued at $3,685,930 in the last ninety days. Corporate insiders own 1.15% of the company’s stock.

Kinaxis Trading Up 1.4 %

Shares of Kinaxis stock opened at C$150.92 on Friday. The firm has a market cap of C$4.28 billion, a price-to-earnings ratio of 314.50, 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. The company’s 50-day simple moving average is C$151.84 and its 200-day simple moving average is C$150.54. The company has a quick ratio of 2.29, a current ratio of 2.54 and a debt-to-equity ratio of 11.39.

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

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.