Kinaxis Inc. (TSE:KXS) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Kinaxis Inc. (TSE:KXS - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven research firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$205.00.

Several research firms have recently weighed in on KXS. CIBC lowered their price objective on shares of Kinaxis from C$175.00 to C$170.00 in a research note on Friday, February 28th. ATB Capital cut Kinaxis from an "outperform" rating to a "sector perform" rating and set a C$210.00 price target for the company. in a report on Friday, May 9th. BMO Capital Markets upped their price objective on Kinaxis from C$190.00 to C$225.00 in a research note on Friday, May 9th. Royal Bank of Canada raised their price objective on Kinaxis from C$210.00 to C$225.00 in a research report on Friday, May 9th. Finally, Stifel Nicolaus boosted their target price on Kinaxis from C$195.00 to C$225.00 in a report on Friday, May 9th.

Kinaxis Price Performance

Shares of KXS opened at C$198.11 on Friday. The company has a current ratio of 1.89, a quick ratio of 2.29 and a debt-to-equity ratio of 12.12. The company's fifty day simple moving average is C$184.16 and its 200 day simple moving average is C$174.39. Kinaxis has a 1-year low of C$132.93 and a 1-year high of C$201.44. The company has a market cap of C$3.99 billion, a price-to-earnings ratio of 196.62, a PEG ratio of 3.60 and a beta of 0.78.

Insider Activity

In other Kinaxis news, Senior Officer Christopher John Blaine Fitzgerald sold 2,177 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of C$156.26, for a total value of C$340,172.58. Also, Senior Officer Conrad John Mandala sold 200 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of C$197.30, for a total transaction of C$39,460.00. Following the transaction, the insider now directly owns 703 shares in the company, valued at C$138,701.90. This represents a 22.15% decrease in their ownership of the stock. Over the last quarter, insiders have sold 72,826 shares of company stock valued at $14,030,985. 1.20% of the stock is owned by insiders.

About Kinaxis

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.