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

Shares of Kinaxis Inc. (TSE:KXS) have earned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$205.00.

Several research firms have commented on KXS. Royal Bank of Canada upped their price objective on Kinaxis from C$210.00 to C$225.00 in a research report on Friday, May 9th. BMO Capital Markets boosted their target price on shares of Kinaxis from C$190.00 to C$225.00 in a research note on Friday, May 9th. CIBC decreased their target price on shares of Kinaxis from C$175.00 to C$170.00 in a research note on Friday, February 28th. Stifel Nicolaus boosted their target price on shares of Kinaxis from C$195.00 to C$225.00 in a research note on Friday, May 9th. Finally, Atb Cap Markets cut shares of Kinaxis from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th.

Insider Buying and Selling

In related news, Senior Officer Christopher John Blaine Fitzgerald sold 2,177 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of C$156.26, for a total value of C$340,172.58. Also, Senior Officer Andrew William Robert Bell sold 683 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of C$155.62, for a total transaction of C$106,289.69. Following the sale, the insider now directly owns 831 shares of the company’s stock, valued at C$129,321.72. The trade was a 45.11% decrease in their position. In the last quarter, insiders sold 66,907 shares of company stock valued at $12,755,673. 1.20% of the stock is owned by corporate insiders.

Kinaxis Stock Down 1.0%

Shares of KXS opened at C$197.98 on Wednesday. The company has a market capitalization of C$3.98 billion, a price-to-earnings ratio of 196.49, a PEG ratio of 3.60 and a beta of 0.78. Kinaxis has a 52 week low of C$132.93 and a 52 week high of C$201.44. The stock’s 50-day moving average price is C$172.41 and its 200-day moving average price is C$171.20. 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 Company Profile

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services.