Kinaxis Inc. (TSE:KXS) Receives C$228.38 Average PT from Analysts

Shares of Kinaxis Inc. (TSE:KXS) have earned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$228.38.

A number of research firms have recently weighed in on KXS. TD Securities upped their target price on Kinaxis from C$225.00 to C$229.00 and gave the company a “buy” rating in a research report on Friday, November 7th. National Bankshares set a C$240.00 price objective on shares of Kinaxis and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Cibc Captl Mkts raised shares of Kinaxis from a “hold” rating to a “strong-buy” rating in a report on Monday, December 15th. Finally, CIBC raised shares of Kinaxis from a “neutral” rating to an “outperform” rating and upped their price target for the stock from C$201.00 to C$203.00 in a report on Monday, December 15th.

Kinaxis Stock Performance

Shares of TSE:KXS opened at C$176.53 on Thursday. Kinaxis has a 12-month low of C$149.96 and a 12-month high of C$212.45. The company’s 50 day moving average price is C$175.02 and its two-hundred day moving average price is C$186.89. The firm has a market cap of C$4.95 billion, a PE ratio of 147.11, a PEG ratio of 3.60 and a beta of 0.74. The company has a quick ratio of 2.29, a current ratio of 1.89 and a debt-to-equity ratio of 12.12.

Kinaxis (TSE:KXS) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.58 earnings per share (EPS) for the quarter. The business had revenue of C$187.41 million during the quarter. Kinaxis had a return on equity of 4.69% and a net margin of 4.33%. Equities research analysts predict that Kinaxis will post 4.2526231 earnings per share for the current year.

Insiders Place Their Bets

In other Kinaxis news, insider Kushan Krishna Surana sold 222 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of C$177.41, for a total value of C$39,385.02. Following the sale, the insider owned 19 shares of the company’s stock, valued at approximately C$3,370.79. This trade represents a 92.12% decrease in their position. 1.20% of the stock is owned by insiders.

About Kinaxis

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm’s flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation. Kinaxis’s S&OP solution capabilities include supply and demand planning, capacity and inventory planning, and inventory management. The firm has operations in North America, Europe, and Asia-Pacific regions.