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

Shares of Kinaxis Inc. (TSE:KXS - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven research firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$205.00.

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

Kinaxis Price Performance

Shares of Kinaxis stock traded up C$3.19 during mid-day trading on Friday, reaching C$199.65. 44,843 shares of the stock were exchanged, compared to its average volume of 86,572. Kinaxis has a fifty-two week low of C$132.93 and a fifty-two week high of C$201.44. The company has a market cap of C$4.02 billion, a price-to-earnings ratio of 198.15, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. The firm has a 50-day simple moving average of C$185.59 and a 200 day simple moving average of C$174.82. The company has a current ratio of 1.89, a quick ratio of 2.29 and a debt-to-equity ratio of 12.12.

Insiders Place Their Bets

In related news, Senior Officer Stefanie Ann Gordish sold 215 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of C$194.79, for a total value of C$41,879.51. Also, Senior Officer Christopher John Blaine Fitzgerald sold 2,177 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of C$156.26, for a total transaction of C$340,172.58. In the last quarter, insiders have sold 72,826 shares of company stock valued at $14,030,985. 1.20% of the stock is currently owned by corporate 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.