Kinaxis Inc. (TSE:KXS) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts have rated Kinaxis Inc. (TSE:KXS) with an average rating of "Moderate Buy," with four out of six analysts recommending a buy and two recommending hold.
• The average 1-year price target for Kinaxis shares is C$216.43, with recent increases from several brokerages, including BMO Capital, Royal Bank of Canada, and Scotiabank.
• Insider transactions included the sale of 15,510 shares by company insiders over the last 90 days, amounting to approximately C$3,077,806.

Kinaxis Inc. (TSE:KXS - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six brokerages that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$216.43.

KXS has been the subject of several recent research reports. BMO Capital Markets raised their target price on shares of Kinaxis from C$190.00 to C$225.00 in a report on Friday, May 9th. ATB Capital cut shares of Kinaxis from an "outperform" rating to a "sector perform" rating and set a C$210.00 target price for the company. in a report on Friday, May 9th. Scotiabank raised their target price on shares of Kinaxis from C$225.00 to C$240.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Stifel Nicolaus raised their target price on shares of Kinaxis from C$225.00 to C$245.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Atb Cap Markets cut shares of Kinaxis from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th.

Kinaxis Stock Performance

Shares of Kinaxis stock traded down C$1.18 during trading on Friday, hitting C$188.85. 5,195 shares of the company's stock were exchanged, compared to its average volume of 75,210. The company has a debt-to-equity ratio of 12.12, a quick ratio of 2.29 and a current ratio of 1.89. The business has a 50-day simple moving average of C$200.06 and a 200-day simple moving average of C$184.05. Kinaxis has a 52-week low of C$132.93 and a 52-week high of C$212.45. The stock has a market capitalization of C$3.80 billion, a price-to-earnings ratio of 187.43, a PEG ratio of 3.60 and a beta of 0.78.

Insider Activity

In other Kinaxis news, Senior Officer Vasile Gelu Ticala sold 3,534 shares of Kinaxis stock in a transaction on Friday, June 13th. The shares were sold at an average price of C$201.00, for a total value of C$710,334.00. Following the completion of the transaction, the insider owned 596 shares of the company's stock, valued at approximately C$119,796. The trade was a 85.57% decrease in their ownership of the stock. Also, Senior Officer David Peter Kelly sold 8,466 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of C$196.76, for a total transaction of C$1,665,769.31. Insiders sold a total of 15,510 shares of company stock worth $3,077,806 over the last three months. Corporate insiders own 1.20% of the company's stock.

Kinaxis Company Profile

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm's flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation.