Kinaxis Inc. (TSE:KXS) Given Consensus Rating of “Buy” by Analysts

Kinaxis Inc. (TSE:KXS) has received an average rating of “Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have covered the stock in the last year is C$195.75.

Several research firms recently commented on KXS. Royal Bank Of Canada upped their price objective on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. BMO Capital Markets upped their price objective on Kinaxis from C$180.00 to C$185.00 in a research note on Friday, May 8th. National Bank Financial dropped their price objective on Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating on the stock in a research note on Wednesday. Canadian Imperial Bank of Commerce dropped their price objective on Kinaxis from C$203.00 to C$171.00 in a research note on Friday, April 17th. Finally, Scotiabank dropped their price objective on Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th.

Insider Buying and Selling

In related news, insider Conrad John Mandala sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$148.10, for a total value of C$4,443,000.00. Following the transaction, the insider owned 820 shares in the company, valued at approximately C$121,442. This represents a 97.34% decrease in their ownership of the stock. Insiders own 1.20% of the company’s stock.

Kinaxis Price Performance

Shares of TSE KXS opened at C$156.89 on Friday. Kinaxis has a twelve month low of C$117.22 and a twelve month high of C$212.45. The stock’s 50 day moving average price is C$142.29 and its 200-day moving average price is C$150.78. The company has a market capitalization of C$4.29 billion, a PE ratio of 53.36, a PEG ratio of 3.60 and a beta of 0.68. The company has a quick ratio of 2.29, a current ratio of 1.72 and a debt-to-equity ratio of 12.15.

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

Kinaxis Company Profile

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.