Kinaxis Inc. (TSE:KXS) Receives Average Recommendation of "Moderate Buy" from Analysts

Kinaxis Inc. (TSE:KXS - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$192.67.

Several research analysts have issued reports on KXS shares. TD Securities dropped their price objective on Kinaxis from C$195.00 to C$190.00 and set a "buy" rating for the company in a research note on Friday, November 1st. ATB Capital boosted their price target on shares of Kinaxis from C$205.00 to C$215.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, Scotiabank dropped their price objective on shares of Kinaxis from C$200.00 to C$190.00 in a report on Thursday, August 29th.

Kinaxis Stock Performance

Shares of TSE:KXS traded down C$2.77 during trading on Friday, hitting C$181.90. 62,909 shares of the stock were exchanged, compared to its average volume of 67,011. Kinaxis has a 1-year low of C$132.93 and a 1-year high of C$190.17. The company has a debt-to-equity ratio of 12.40, a quick ratio of 2.29 and a current ratio of 1.90. The company's fifty day simple moving average is C$167.73 and its 200-day simple moving average is C$159.04. The company has a market capitalization of C$5.14 billion, a price-to-earnings ratio of 181.90, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78.

Kinaxis (TSE:KXS - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported C$0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.43 by C$0.04. Kinaxis had a net margin of 4.59% and a return on equity of 4.87%. The company had revenue of C$165.79 million during the quarter, compared to analysts' expectations of C$170.56 million. Sell-side analysts expect that Kinaxis will post 4.2526231 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director John Ernest Sicard sold 24,147 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of C$167.91, for a total value of C$4,054,585.55. Also, Senior Officer David Peter Kelly sold 1,500 shares of Kinaxis stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of C$162.21, for a total transaction of C$243,319.95. Insiders sold 53,000 shares of company stock worth $9,086,865 in the last quarter. Insiders own 1.20% of the company's stock.

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.