Kinaxis Inc. (KXS.TO) - What Are Researchers Thinking About This Stock?

Key Points

• Analysts remain bullish on Kinaxis: All seven covering analysts rate the stock a “Buy,” with an average 12-month price target of C$203.12. Recent targets from BMO, RBC, and National Bank Financial range up to C$210.
• Kinaxis reported quarterly revenue of C$225.6 million and EPS of C$1.71, while posting a 14.40% net margin and 20.88% return on equity. Analysts expect full-year EPS of approximately C$4.25.
• Insiders have been selling shares: Insiders sold 33,730 shares worth about C$5.88 million over the past three months, leaving insiders with ownership of just 1.20% of the company.

Kinaxis Inc. (TSE:KXS - Get Free Report) has been given an average rating of "Buy" by the seven analysts that are covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$203.12.

Several equities research analysts recently weighed in on the stock. BMO Capital Markets upped their target price on shares of Kinaxis from C$195.00 to C$200.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. Royal Bank Of Canada set a C$210.00 price target on Kinaxis and gave the stock an "outperform" rating in a report on Wednesday, August 26th. Finally, National Bank Financial upped their price objective on Kinaxis from C$200.00 to C$210.00 and gave the stock an "outperform" rating in a research report on Friday, August 7th.

Kinaxis Stock Performance

Shares of KXS stock opened at C$194.88 on Wednesday. The stock has a market cap of C$5.30 billion, a PE ratio of 63.69, a price-to-earnings-growth ratio of 3.60 and a beta of 0.58. The business has a 50-day simple moving average of C$177.10 and a 200-day simple moving average of C$160.84. The company has a quick ratio of 2.29, a current ratio of 1.88 and a debt-to-equity ratio of 11.14. Kinaxis has a 52-week low of C$117.22 and a 52-week high of C$196.21.

Kinaxis (TSE:KXS - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$1.71 earnings per share (EPS) for the quarter. Kinaxis had a net margin of 14.40% and a return on equity of 20.88%. The firm had revenue of C$225.60 million for the quarter. On average, equities analysts expect that Kinaxis will post 4.25 EPS for the current year.

Insider Buying and Selling

In other Kinaxis news, insider Andrew William Robert Bell sold 3,000 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of C$179.48, for a total value of C$538,440.00. Following the sale, the insider owned 1,455 shares of the company's stock, valued at C$261,143.40. This represents a 67.34% decrease in their ownership of the stock. Also, Director Robert G. Courteau sold 5,362 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of C$178.39, for a total value of C$956,527.18. Following the sale, the director owned 37,898 shares in the company, valued at approximately C$6,760,624.22. This trade represents a 12.39% decrease in their position. In the last three months, insiders have sold 33,730 shares of company stock worth $5,877,368. 1.20% of the stock is currently owned by insiders.

Kinaxis Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.