Brokerages Set Kinaxis Inc. (TSE:KXS) Target Price at C$200.00

Shares of Kinaxis Inc. (TSE:KXS) have received a consensus rating of “Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$200.00.

Several research analysts recently issued reports on KXS shares. National Bank Financial cut their price target on shares of Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Royal Bank Of Canada boosted their target price on Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce increased their target price on Kinaxis from C$173.00 to C$205.00 in a research note on Friday, June 5th. BMO Capital Markets increased their target price on Kinaxis from C$180.00 to C$185.00 in a research note on Friday, May 8th. Finally, Stifel Nicolaus reduced their price target on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a report on Wednesday, May 6th.

Insiders Place Their Bets

In other news, insider Conrad John Mandala sold 924 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of C$137.14, for a total value of C$126,717.36. Following the completion of the transaction, the insider owned 820 shares in the company, valued at C$112,454.80. This trade represents a 52.98% decrease in their position. Also, Director Robert G. Courteau sold 5,010 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of C$151.39, for a total transaction of C$758,463.90. Following the completion of the transaction, the director owned 32,945 shares of the company’s stock, valued at C$4,987,543.55. This represents a 13.20% decrease in their position. In the last three months, insiders sold 35,934 shares of company stock valued at $5,328,181. 1.20% of the stock is owned by corporate insiders.

Kinaxis Stock Performance

Shares of KXS opened at C$154.54 on Monday. The company has a debt-to-equity ratio of 12.15, a quick ratio of 2.29 and a current ratio of 1.72. The stock has a market capitalization of C$4.22 billion, a P/E ratio of 52.56, a P/E/G ratio of 3.60 and a beta of 0.73. The company’s fifty day moving average is C$152.87 and its two-hundred day moving average is C$146.05. Kinaxis has a 1 year low of C$117.22 and a 1 year high of C$212.45.

Kinaxis (TSE:KXS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$1.45 EPS for the quarter. Kinaxis had a net margin of 14.48% and a return on equity of 19.72%. The company had revenue of C$230.19 million during the quarter. On average, sell-side analysts predict that Kinaxis will post 4.2526231 earnings per share for the current year.

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.