Kinaxis Inc. (TSE:KXS) Given Consensus Rating of "Buy" by Brokerages

Key Points

• Kinaxis has a consensus “Buy” rating from all seven covering brokerages, with an average 12-month price target of C$203.12 versus the reported share price of C$177.09.
• The company reported quarterly earnings of C$1.08 per share and revenue of C$230.64 million, alongside a 14.40% net margin and 20.88% return on equity.
• Insiders sold 29,016 shares worth approximately $5.04 million during the last quarter, while corporate insiders own about 1.20% of the company.

Shares of Kinaxis Inc. (TSE:KXS - Get Free Report) have received a consensus rating of "Buy" from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$203.12.

KXS has been the topic of a number of analyst reports. Stifel Nicolaus cut their target price on Kinaxis from C$245.00 to C$200.00 and set a "buy" rating on the stock in a research note on Wednesday, May 6th. National Bank Financial upped their price objective on Kinaxis from C$200.00 to C$210.00 and gave the company an "outperform" rating in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce lifted their target price on Kinaxis from C$173.00 to C$205.00 in a research report on Friday, June 5th. BMO Capital Markets boosted their target price 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. Finally, Royal Bank Of Canada set a C$210.00 price target on shares of Kinaxis and gave the stock an "outperform" rating in a research note on Wednesday, August 26th.

Kinaxis Stock Down 0.9%

TSE KXS opened at C$177.09 on Tuesday. 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$192.14. The firm has a market capitalization of C$4.81 billion, a price-to-earnings ratio of 57.87, a PEG ratio of 3.60 and a beta of 0.76. The company has a fifty day moving average of C$162.92 and a two-hundred day moving average of C$149.29.

Kinaxis (TSE:KXS - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported C$1.08 earnings per share for the quarter. Kinaxis had a net margin of 14.40% and a return on equity of 20.88%. The business had revenue of C$230.64 million for the quarter. On average, analysts predict that Kinaxis will post 4.2526231 earnings per share for the current year.

Insider Buying and Selling at Kinaxis

In other news, insider Megan Paterson sold 983 shares of the firm's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of C$171.46, for a total transaction of C$168,545.18. Following the transaction, the insider directly owned 320 shares of the company's stock, valued at approximately C$54,867.20. This trade represents a 75.44% decrease in their ownership of the stock. Also, insider Andrew William Robert Bell sold 3,000 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the insider owned 1,455 shares of the company's stock, valued at C$261,143.40. The trade was a 67.34% decrease in their position. In the last quarter, insiders sold 29,016 shares of company stock valued at $5,037,075. 1.20% of the stock is owned by corporate 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.

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