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

Key Points

• Kinaxis Inc. has received a consensus recommendation of "Moderate Buy" from six research firms, with two hold ratings and four buy ratings.
• Recent target price upgrades from various analysts have increased, with Scotiabank setting a target at C$240.00 and Stifel Nicolaus raising it to C$245.00.
• Insider transactions show significant selling, with a total of 9,966 shares sold by insiders over the last ninety days, indicating a 81.33% decrease in a director's position.

Shares of Kinaxis Inc. (TSE:KXS - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$216.43.

KXS has been the topic of several analyst reports. Royal Bank Of Canada upped their target price on Kinaxis from C$225.00 to C$235.00 in a report on Friday, August 8th. Scotiabank upped their target price on Kinaxis from C$225.00 to C$240.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Stifel Nicolaus upped their target price on Kinaxis from C$225.00 to C$245.00 and gave the stock a "buy" rating in a report on Thursday, July 31st.

Kinaxis Stock Performance

Shares of Kinaxis stock opened at C$187.00 on Tuesday. The company has a debt-to-equity ratio of 12.12, a current ratio of 1.89 and a quick ratio of 2.29. The stock's 50-day moving average is C$196.57 and its 200-day moving average is C$186.97. The firm has a market cap of C$5.29 billion, a price-to-earnings ratio of 217.44, a price-to-earnings-growth ratio of 3.60 and a beta of 0.93. Kinaxis has a one year low of C$149.96 and a one year high of C$212.45.

Insider Buying and Selling

In other Kinaxis news, Senior Officer Michael David Mauger sold 1,310 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of C$198.66, for a total value of C$260,242.24. Also, Director Angel Luis Mendez sold 6,100 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of C$190.00, for a total value of C$1,159,000.00. Following the completion of the sale, the director owned 1,400 shares in the company, valued at C$266,000. This represents a 81.33% decrease in their position. Over the last ninety days, insiders have sold 9,966 shares of company stock worth $1,925,449. 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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