Kinaxis Inc. (TSE:KXS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Kinaxis Inc. (TSE:KXS) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$205.00.

A number of equities analysts have issued reports on KXS shares. BMO Capital Markets raised their price target on shares of Kinaxis from C$190.00 to C$225.00 in a research report on Friday, May 9th. CIBC reduced their price target on shares of Kinaxis from C$175.00 to C$170.00 in a research report on Friday, February 28th. ATB Capital lowered shares of Kinaxis from an “outperform” rating to a “sector perform” rating and set a C$210.00 price target for the company. in a research report on Friday, May 9th. Stifel Nicolaus raised their price target on shares of Kinaxis from C$195.00 to C$225.00 in a research report on Friday, May 9th. Finally, Atb Cap Markets lowered shares of Kinaxis from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th.

Insider Transactions at Kinaxis

In other news, Senior Officer Christopher John Blaine Fitzgerald sold 2,177 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of C$156.26, for a total transaction of C$340,172.58. Also, Senior Officer Andrew William Robert Bell sold 683 shares of Kinaxis stock in a transaction on Thursday, March 6th. The shares were sold at an average price of C$155.62, for a total transaction of C$106,289.69. Following the completion of the sale, the insider now directly owns 831 shares in the company, valued at C$129,321.72. This represents a 45.11% decrease in their position. Insiders have sold 4,924 shares of company stock valued at $770,090 in the last 90 days. 1.20% of the stock is currently owned by company insiders.

Kinaxis Stock Performance

Shares of Kinaxis stock opened at C$201.35 on Wednesday. The firm has a market capitalization of C$4.05 billion, a P/E ratio of 199.84, a PEG ratio of 3.60 and a beta of 0.78. 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 company has a 50 day moving average price of C$169.24 and a 200 day moving average price of C$170.02. Kinaxis has a 52 week low of C$132.93 and a 52 week high of C$201.44.

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.