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

Kinaxis Inc. (TSE:KXS - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six brokerages that are currently covering the stock, MarketBeat Ratings 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 12 month target price among analysts that have updated their coverage on the stock in the last year is C$205.00.

KXS has been the subject of a number of recent research reports. Atb Cap Markets lowered Kinaxis from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Stifel Nicolaus increased their target price on Kinaxis from C$195.00 to C$225.00 in a report on Friday, May 9th. Royal Bank Of Canada raised their price target on Kinaxis from C$210.00 to C$225.00 in a report on Friday, May 9th. BMO Capital Markets increased their target price on Kinaxis from C$190.00 to C$225.00 in a research note on Friday, May 9th. Finally, ATB Capital lowered Kinaxis from an "outperform" rating to a "sector perform" rating and set a C$210.00 price target on the stock. in a research report on Friday, May 9th.

Kinaxis Stock Performance

Shares of TSE KXS opened at C$198.07 on Thursday. The business has a fifty day simple moving average of C$196.11 and a 200 day simple moving average of C$177.01. 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 firm has a market capitalization of C$3.98 billion, a price-to-earnings ratio of 196.58, a PEG ratio of 3.60 and a beta of 0.78. Kinaxis has a one year low of C$132.93 and a one year high of C$205.00.

Insider Transactions at Kinaxis

In other news, Senior Officer David Peter Kelly sold 8,466 shares of Kinaxis stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of C$196.76, for a total transaction of C$1,665,769.31. Also, Director Angel Luis Mendez sold 10,000 shares of Kinaxis stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of C$194.80, for a total value of C$1,947,966.00. Over the last 90 days, insiders sold 77,493 shares of company stock valued at $15,063,388. 1.20% of the stock is owned by insiders.

Kinaxis Company Profile

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.

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