Shares of Kinaxis Inc. (TSE:KXS) have been given an average rating of “Buy” by the ten brokerages that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$200.50.
Several analysts recently weighed in on the company. National Bankshares raised their price objective on Kinaxis from C$163.78 to C$225.00 and gave the company an “outperform” rating in a research note on Thursday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a C$190.00 price objective on shares of Kinaxis in a research note on Thursday, May 6th. Scotiabank lifted their price target on Kinaxis from C$179.00 to C$180.00 in a research note on Thursday, May 6th. CIBC reissued an “outperform” rating and set a C$200.00 price target on shares of Kinaxis in a research note on Wednesday, May 5th. Finally, TD Securities lifted their price objective on Kinaxis from C$165.00 to C$175.00 and gave the stock a “buy” rating in a research note on Thursday, May 6th.
In related news, Senior Officer Richard George Monkman sold 4,400 shares of the company’s stock in a transaction on Wednesday, June 23rd. The stock was sold at an average price of C$151.22, for a total transaction of C$665,382.08. Following the completion of the sale, the insider now owns 58,816 shares in the company, valued at C$8,894,343.73.
Kinaxis (TSE:KXS) last posted its quarterly earnings data on Tuesday, May 4th. The company reported C($0.08) earnings per share for the quarter, missing the consensus estimate of C($0.01) by C($0.07). The business had revenue of C$73.11 million during the quarter, compared to analysts’ expectations of C$71.44 million. Equities research analysts anticipate that Kinaxis will post 1.43 EPS 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. The company offers RapidResponse, a cloud-based software-as-a-service platform empowers planners, business leaders, and IT professionals to know sooner, act faster, and remove waste, as well as provides demand planning, supply planning, inventory management, sales and operations planning, and command and control center services.
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