Kinaxis Inc. (TSE:KXS) Stock Rated “Buy” by Wall Street Analysts

Kinaxis Inc. (TSE:KXS) has been assigned an average rating of “Buy” from the seven brokerages that are covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$203.12.

Several analysts recently commented on the company. Royal Bank Of Canada set a C$210.00 target price on Kinaxis and gave the company an “outperform” rating in a research report on Wednesday, August 26th. Canadian Imperial Bank of Commerce increased their price target on Kinaxis from C$173.00 to C$205.00 in a research note on Friday, June 5th. National Bank Financial raised their price target on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, BMO Capital Markets lifted their price objective on shares of Kinaxis from C$195.00 to C$200.00 and gave the company an “outperform” rating in a research note on Friday, August 7th.

Insider Transactions at Kinaxis

In other Kinaxis news, insider Mark Justin Morgan sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of C$172.25, for a total transaction of C$516,750.00. Following the transaction, the insider owned 10,299 shares of the company’s stock, valued at approximately C$1,774,002.75. This trade represents a 22.56% decrease in their position. Also, Director Robert G. Courteau sold 5,362 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of C$178.39, for a total transaction of C$956,527.18. Following the transaction, the director directly owned 37,898 shares in the company, valued at approximately C$6,760,624.22. The trade was a 12.39% decrease in their position. Insiders have sold a total of 33,730 shares of company stock worth $5,877,368 over the last ninety days. Insiders own 1.20% of the company’s stock.

Kinaxis Price Performance

Shares of TSE:KXS opened at C$176.22 on Friday. The firm’s 50 day moving average is C$170.75 and its two-hundred day moving average is C$155.52. Kinaxis has a 52 week low of C$117.22 and a 52 week high of C$186.98. The firm has a market capitalization of C$4.79 billion, a P/E ratio of 57.59, a PEG ratio of 3.60 and a beta of 0.71. The company has a current ratio of 1.88, a quick ratio of 2.29 and a debt-to-equity ratio of 11.14.

Kinaxis (TSE:KXS) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.08 earnings per share (EPS) for the quarter. Kinaxis had a return on equity of 20.88% and a net margin of 14.40%.The business had revenue of C$230.64 million during the quarter. Analysts anticipate that Kinaxis will post 4.2526231 earnings per share for the current year.

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.