Kinaxis Inc. (TSE:KXS) Given Average Recommendation of “Buy” by Brokerages

Shares of Kinaxis Inc. (TSE:KXS) have been assigned an average rating of “Buy” from the nine research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$228.38.

Several analysts have commented on the stock. Cibc Captl Mkts raised shares of Kinaxis from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. National Bankshares set a C$240.00 price target on shares of Kinaxis and gave the company an “outperform” rating in a report on Thursday, October 23rd. CIBC upgraded shares of Kinaxis from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from C$201.00 to C$203.00 in a report on Monday, December 15th. TD Securities raised shares of Kinaxis to a “strong-buy” rating in a research report on Tuesday, January 13th. Finally, Royal Bank Of Canada set a C$235.00 target price on Kinaxis and gave the company an “outperform” rating in a report on Wednesday, January 7th.

Insider Buying and Selling at Kinaxis

In related news, insider Kushan Krishna Surana sold 222 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 19 shares in the company, valued at approximately C$3,370.79. The trade was a 92.12% decrease in their position. Insiders own 1.20% of the company’s stock.

Kinaxis Stock Down 2.0%

KXS opened at C$163.60 on Monday. The company has a market capitalization of C$4.59 billion, a PE ratio of 136.33, a price-to-earnings-growth ratio of 3.60 and a beta of 0.81. The company has a debt-to-equity ratio of 12.12, a current ratio of 1.89 and a quick ratio of 2.29. Kinaxis has a fifty-two week low of C$149.96 and a fifty-two week high of C$212.45. The business has a 50-day moving average of C$174.16 and a 200-day moving average of C$184.01.

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

Kinaxis Company Profile

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.