Kinaxis Inc. (TSE:KXS) Given Average Rating of "Buy" by Analysts

Key Points

• Analyst consensus is “Buy”: All six analysts covering Kinaxis rate the stock a buy, with an average 12-month price target of C$200, above its reported opening price of C$169.96.
• Recent analyst actions were mixed but generally positive, with price targets ranging from C$185 to C$210; CIBC, RBC and BMO raised their targets, while Stifel cut its target to C$200 but maintained a buy rating.
• Kinaxis reported quarterly EPS of C$1.08 on revenue of C$230.64 million, while insiders sold approximately 35,934 shares worth C$5.33 million over the past 90 days.

Shares of Kinaxis Inc. (TSE:KXS - Get Free Report) have been assigned an average recommendation of "Buy" from the six analysts that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have covered the stock in the last year is C$200.00.

KXS has been the subject of several research analyst reports. Canadian Imperial Bank of Commerce lifted their price objective on shares of Kinaxis from C$173.00 to C$205.00 in a research note on Friday, June 5th. BMO Capital Markets raised their price target on shares of Kinaxis from C$180.00 to C$185.00 in a report on Friday, May 8th. Stifel Nicolaus reduced their price target on shares of Kinaxis from C$245.00 to C$200.00 and set a "buy" rating for the company in a report on Wednesday, May 6th. Royal Bank Of Canada upped their price objective on shares of Kinaxis from C$200.00 to C$210.00 and gave the company an "outperform" rating in a report on Friday, May 8th. Finally, National Bank Financial set a C$200.00 target price on Kinaxis and gave the company an "outperform" rating in a research note on Monday, July 20th.

Kinaxis Trading Up 0.9%

TSE KXS opened at C$169.96 on Friday. The stock has a market capitalization of C$4.64 billion, a P/E ratio of 57.81, a P/E/G ratio of 3.60 and a beta of 0.76. The business has a 50 day simple moving average of C$157.76 and a 200 day simple moving average of C$144.97. The company has a debt-to-equity ratio of 12.15, a current ratio of 1.72 and a quick ratio of 2.29. Kinaxis has a one year low of C$117.22 and a one year high of C$204.85.

Kinaxis (TSE:KXS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported C$1.08 earnings per share (EPS) for the quarter. The firm had revenue of C$230.64 million for the quarter. Kinaxis had a return on equity of 19.72% and a net margin of 14.48%. Research analysts expect that Kinaxis will post 4.2526231 earnings per share for the current year.

Insider Buying and Selling

In other Kinaxis news, insider Conrad John Mandala sold 30,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$148.10, for a total value of C$4,443,000.00. Following the transaction, the insider owned 820 shares in the company, valued at approximately C$121,442. This represents a 97.34% decrease in their ownership of the stock. Also, Director Robert G. Courteau sold 5,010 shares of the firm's stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of C$151.39, for a total value of C$758,463.90. Following the completion of the sale, the director directly owned 32,945 shares of the company's stock, valued at C$4,987,543.55. This trade represents a 13.20% decrease in their position. Over the last ninety days, insiders have sold 35,934 shares of company stock worth $5,328,181. 1.20% of the stock is owned by company 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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