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

Shares of Kinaxis Inc. (TSE:KXS - Get Free Report) have earned an average rating of "Moderate Buy" from the six analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$216.43.

KXS has been the subject of several recent analyst reports. ATB Capital downgraded 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. BMO Capital Markets increased their price objective on shares of Kinaxis from C$190.00 to C$225.00 in a report on Friday, May 9th. Royal Bank Of Canada increased their price objective on shares of Kinaxis from C$225.00 to C$235.00 in a report on Friday, August 8th. Scotiabank increased their price objective on shares of Kinaxis from C$225.00 to C$240.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Finally, Stifel Nicolaus increased their price objective on shares of Kinaxis from C$225.00 to C$245.00 and gave the company a "buy" rating in a report on Thursday, July 31st.

Kinaxis Trading Up 0.4%

Shares of Kinaxis stock opened at C$194.71 on Friday. The company has a market capitalization of C$3.92 billion, a P/E ratio of 193.25, a P/E/G ratio of 3.60 and a beta of 0.78. 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 company has a fifty day moving average of C$200.56 and a 200 day moving average of C$183.50. Kinaxis has a fifty-two week low of C$132.93 and a fifty-two week high of C$212.45.

Insider Activity at Kinaxis

In other Kinaxis news, Senior Officer David Peter Kelly sold 8,466 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of C$196.76, for a total transaction of C$1,665,769.31. Also, Senior Officer Michael David Mauger sold 1,310 shares of the stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of C$198.66, for a total transaction of C$260,242.24. Insiders sold 15,510 shares of company stock worth $3,077,806 over the last 90 days. Company 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.

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