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

Kinaxis Inc. (TSE:KXS) has received an average rating of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$228.38.

A number of analysts recently issued reports on KXS shares. TD Securities increased their target price on Kinaxis from C$225.00 to C$229.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Cibc Captl Mkts raised shares of Kinaxis from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. National Bankshares set a C$240.00 price objective on shares of Kinaxis and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Finally, CIBC raised shares of Kinaxis from a “neutral” rating to an “outperform” rating and upped their target price for the stock from C$201.00 to C$203.00 in a research note on Monday, December 15th.

Kinaxis Stock Performance

Shares of Kinaxis stock opened at C$176.53 on Thursday. The stock’s fifty day simple moving average is C$175.02 and its 200 day simple moving average is C$186.89. The company has a current ratio of 1.89, a quick ratio of 2.29 and a debt-to-equity ratio of 12.12. The company has a market capitalization of C$4.95 billion, a PE ratio of 147.11, a PEG ratio of 3.60 and a beta of 0.74. Kinaxis has a 12 month low of C$149.96 and a 12 month high of C$212.45.

Kinaxis (TSE:KXS) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$0.58 earnings per share (EPS) for the quarter. The company had revenue of C$187.41 million during the quarter. Kinaxis had a return on equity of 4.69% and a net margin of 4.33%. On average, research analysts predict that Kinaxis will post 4.2526231 EPS for the current year.

Insider Buying and Selling at Kinaxis

In related news, insider Kushan Krishna Surana sold 222 shares of the stock in a transaction dated Monday, November 10th. The stock was sold at an average price of C$177.41, for a total transaction of C$39,385.02. Following the completion of the transaction, the insider directly owned 19 shares in the company, valued at approximately C$3,370.79. This trade represents a 92.12% decrease in their ownership of the stock. 1.20% of the stock is owned by corporate insiders.

About Kinaxis

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm’s flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation. Kinaxis’s S&OP solution capabilities include supply and demand planning, capacity and inventory planning, and inventory management. The firm has operations in North America, Europe, and Asia-Pacific regions.