Analysts Set Kinaxis Inc. (TSE:KXS) Price Target at C$200.75

Kinaxis Inc. (TSE:KXS) has earned a consensus recommendation of “Buy” from the six ratings firms that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have covered the stock in the last year is C$195.75.

A number of research firms recently weighed in on KXS. Scotiabank decreased their target price on Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. BMO Capital Markets lifted their target price on Kinaxis from C$180.00 to C$185.00 in a research report on Friday, May 8th. Stifel Nicolaus decreased their price objective on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. TD Securities decreased their price objective on Kinaxis from C$229.00 to C$200.00 and set a “buy” rating on the stock in a report on Friday, March 6th. Finally, Canaccord Genuity Group decreased their price objective on Kinaxis from C$225.00 to C$200.00 in a report on Friday, March 6th.

Kinaxis Stock Up 5.2%

KXS stock opened at C$148.63 on Friday. Kinaxis has a twelve month low of C$117.22 and a twelve month high of C$212.45. The company has a market cap of C$4.06 billion, a PE ratio of 50.55, a price-to-earnings-growth ratio of 3.60 and a beta of 0.68. The business’s 50-day simple moving average is C$141.88 and its 200 day simple moving average is C$150.74. The company has a quick ratio of 2.29, a current ratio of 1.72 and a debt-to-equity ratio of 12.15.

Kinaxis (TSE:KXS) last released its earnings results on Wednesday, May 6th. The company reported C$1.45 earnings per share for the quarter. Kinaxis had a return on equity of 19.72% and a net margin of 14.48%.The business had revenue of C$230.19 million for the quarter. On average, research analysts anticipate that Kinaxis will post 4.2526231 earnings per share for the current year.

Insiders Place Their Bets

In other Kinaxis news, insider Conrad John Mandala sold 924 shares of Kinaxis stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of C$137.14, for a total transaction of C$126,717.36. Following the sale, the insider directly owned 820 shares of the company’s stock, valued at approximately C$112,454.80. The trade was a 52.98% decrease in their ownership of the stock. Insiders own 1.20% of the company’s stock.

About Kinaxis

Kinaxis is a leader in modern supply chain orchestration, powering complex global supply chains, and supporting the people who manage them. Our powerful, AI-infused supply chain orchestration platform, Maestro, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain – from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today’s volatility and disruption.