Kinaxis Inc. (TSE:KXS) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Kinaxis Inc. (TSE:KXS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$195.00.

A number of research analysts have recently commented on KXS shares. Royal Bank of Canada set a C$210.00 price target on Kinaxis and gave the stock an "outperform" rating in a report on Friday, March 21st. CIBC reduced their price target on shares of Kinaxis from C$175.00 to C$170.00 in a report on Friday, February 28th.

Insider Activity

In other news, Senior Officer Andrew William Robert Bell sold 2,064 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of C$156.80, for a total transaction of C$323,627.77. Following the completion of the transaction, the insider now directly owns 831 shares of the company's stock, valued at C$130,297.81. This represents a 71.30 % decrease in their ownership of the stock. Also, Senior Officer Christopher John Blaine Fitzgerald sold 2,177 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of C$156.26, for a total value of C$340,172.58. In the last ninety days, insiders sold 4,924 shares of company stock valued at $770,090. Company insiders own 1.20% of the company's stock.

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Kinaxis Stock Performance

Shares of TSE:KXS traded down C$1.39 during trading on Tuesday, reaching C$155.24. The stock had a trading volume of 101,442 shares, compared to its average volume of 88,297. The company has a quick ratio of 2.29, a current ratio of 1.89 and a debt-to-equity ratio of 12.12. The stock has a fifty day simple moving average of C$163.73 and a two-hundred day simple moving average of C$165.94. The firm has a market capitalization of C$3.12 billion, a price-to-earnings ratio of 154.07, a P/E/G 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$190.17.

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.