Kinaxis Inc. (TSE:KXS) Receives C$192.11 Average Target Price from Analysts

Kinaxis Inc. (TSE:KXS - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the nine brokerages that are presently covering the firm, 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 brokerages that have issued a report on the stock in the last year is C$192.11.

KXS has been the topic of several recent analyst reports. ATB Capital decreased their price target on Kinaxis from C$215.00 to C$205.00 and set an "outperform" rating on the stock in a research note on Friday, August 2nd. CIBC lowered Kinaxis from an "outperform" rating to a "neutral" rating and decreased their price target for the company from C$180.00 to C$154.00 in a research note on Friday, June 21st. Stifel Nicolaus decreased their price target on 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 decreased their price target on Kinaxis from C$200.00 to C$195.00 in a research note on Friday, August 2nd. Finally, Scotiabank decreased their price target on Kinaxis from C$200.00 to C$190.00 in a research note on Thursday, August 29th.

Kinaxis Price Performance

Shares of KXS traded down C$1.28 during trading hours on Friday, hitting C$156.97. 37,298 shares of the stock were exchanged, compared to its average volume of 66,154. 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 has a 12-month low of C$129.13 and a 12-month high of C$172.83. The company has a market cap of C$4.43 billion, a price-to-earnings ratio of 158.56, a price-to-earnings-growth ratio of 3.60 and a beta of 0.77. The stock's 50-day moving average price is C$154.73 and its two-hundred day moving average price is C$153.09.

Kinaxis (TSE:KXS - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.42 earnings per share for the quarter, topping analysts' consensus estimates of C$0.27 by C$0.15. The company had revenue of C$161.83 million for the quarter, compared to analyst estimates of C$160.55 million. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. Research analysts expect that Kinaxis will post 4.3821138 earnings per share for the current year.

Insider Activity

In other news, Senior Officer Andrew William Robert Bell sold 701 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of C$149.56, for a total value of C$104,841.70. Following the transaction, the insider now owns 831 shares in the company, valued at approximately C$124,284.53. In related news, Senior Officer Andrew William Robert Bell sold 701 shares of the company's stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of C$149.56, for a total value of C$104,841.70. Following the completion of the sale, the insider now directly owns 831 shares of the company's stock, valued at approximately C$124,284.53. Also, Senior Officer Megan Paterson sold 3,172 shares of the company's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$156.28, for a total value of C$495,720.16. Following the completion of the sale, the insider now directly owns 121 shares of the company's stock, valued at C$18,909.88. In the last 90 days, insiders have sold 8,265 shares of company stock worth $1,268,146. 1.20% of the stock is currently owned by insiders.

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.