Analysts Set Kinaxis Inc. (TSE:KXS) Target Price at C$192.67

Shares of Kinaxis Inc. (TSE:KXS - Get Free Report) have earned an average recommendation of "Moderate Buy" from the nine research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$192.67.

Several equities research analysts recently weighed in on the stock. Scotiabank cut their target price on shares of Kinaxis from C$200.00 to C$190.00 in a research note on Thursday, August 29th. Stifel Nicolaus cut their target price on shares of Kinaxis from C$210.00 to C$195.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. TD Securities cut their target price on shares of Kinaxis from C$195.00 to C$190.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. Finally, ATB Capital increased their price objective 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.

Insider Activity

In other Kinaxis news, Director Angel Luis Mendez bought 1,400 shares of the company's stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of C$148.96 per share, for a total transaction of C$208,537.00. Also, Director Robert G. Courteau purchased 2,800 shares of the firm's stock in a transaction on Wednesday, August 28th. The shares were purchased at an average cost of C$138.01 per share, for a total transaction of C$386,428.00. In the last quarter, insiders sold 28,819 shares of company stock worth $4,793,626. Corporate insiders own 1.20% of the company's stock.

Kinaxis Trading Up 0.7 %

Shares of Kinaxis stock traded up C$1.10 on Monday, reaching C$166.25. The company had a trading volume of 72,005 shares, compared to its average volume of 66,887. The firm's 50 day moving average price is C$159.29 and its two-hundred day moving average price is C$155.57. The firm has a market cap of C$4.69 billion, a PE ratio of 168.00, 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$174.25. The company has a debt-to-equity ratio of 12.40, a quick ratio of 2.29 and a current ratio of 1.90.

Kinaxis (TSE:KXS - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported C$0.47 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of C$165.79 million for the quarter, compared to the consensus estimate of C$170.56 million. Sell-side analysts predict that Kinaxis will post 4.2526231 earnings per share for the current fiscal year.

About Kinaxis

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.