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

Key Points

• Kinaxis Inc. has received a consensus rating of "Moderate Buy" from six analysts, with an average one-year price target of C$221.43.
• Recent target price increases by analysts include Scotiabank's recommendation of C$240.00 and Stifel Nicolaus’s raise to C$245.00.
• Insider selling activity includes Mark Justin Morgan selling 2,281 shares, which reduced his stake in the company by 17.17%.

Shares of Kinaxis Inc. (TSE:KXS - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six analysts that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$221.43.

A number of equities analysts have issued reports on KXS shares. 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 price target on shares of Kinaxis from C$225.00 to C$245.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Royal Bank Of Canada raised their price target on shares of Kinaxis from C$225.00 to C$235.00 in a research note on Friday, August 8th. Finally, TD Securities raised their price target on shares of Kinaxis from C$190.00 to C$225.00 and gave the company a "buy" rating in a research note on Friday, October 3rd.

Insider Buying and Selling at Kinaxis

In other Kinaxis news, insider Mark Justin Morgan sold 2,281 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of C$198.63, for a total value of C$453,081.87. Following the sale, the insider owned 11,000 shares in the company, valued at approximately C$2,184,963. This trade represents a 17.17% decrease in their ownership of the stock. Also, Director Angel Luis Mendez sold 6,100 shares of the firm'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 transaction 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. The trade was a 81.33% decrease in their position. Over the last 90 days, insiders have sold 8,656 shares of company stock worth $1,665,206. 1.20% of the stock is owned by company insiders.

Kinaxis Stock Performance

Shares of TSE KXS opened at C$182.12 on Friday. The company has a quick ratio of 2.29, a current ratio of 1.89 and a debt-to-equity ratio of 12.12. The firm's 50-day moving average price is C$188.94 and its two-hundred day moving average price is C$189.60. Kinaxis has a 52-week low of C$149.96 and a 52-week high of C$212.45. The stock has a market capitalization of C$5.15 billion, a P/E ratio of 211.77, a P/E/G ratio of 3.60 and a beta of 0.77.

About Kinaxis

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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