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

Key Points

• Kinaxis holds a consensus “Buy” rating from seven analysts, all of whom issued buy recommendations. The average 12-month price target is C$203.12, above the reported share price of C$176.22.
• The stock has risen above its moving averages and trades near its 52-week high, with a C$4.79 billion market capitalization and a relatively high P/E ratio of 57.59.
• Kinaxis reported quarterly revenue of C$230.64 million and earnings of C$1.08 per share, while insiders sold 33,730 shares worth approximately C$5.88 million over the past 90 days.

Kinaxis Inc. (TSE:KXS - Get Free Report) 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 - Get Free Report) 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.

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