Kinaxis Inc (KXS) Given Average Recommendation of “Buy” by Brokerages

Kinaxis Inc (TSE:KXS) has earned an average rating of “Buy” from the eight research firms that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$102.75.

Several research firms recently issued reports on KXS. CIBC boosted their target price on shares of Kinaxis from C$101.00 to C$107.00 in a report on Monday, August 27th. Royal Bank of Canada boosted their target price on shares of Kinaxis from C$105.00 to C$110.00 and gave the company an “outperform” rating in a report on Monday, September 10th. BMO Capital Markets boosted their target price on shares of Kinaxis from C$93.00 to C$105.00 and gave the company an “outperform” rating in a report on Tuesday, August 7th. TD Securities boosted their target price on shares of Kinaxis from C$98.00 to C$105.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. Finally, Eight Capital boosted their target price on shares of Kinaxis from C$100.00 to C$105.00 in a report on Tuesday, August 7th.

In other news, insider Megan Paterson sold 7,500 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of C$94.87, for a total transaction of C$711,525.00. Also, Director John Ernest Sicard sold 5,000 shares of the company’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of C$98.00, for a total transaction of C$490,000.00.

Shares of TSE:KXS traded up C$2.61 during mid-day trading on Friday, reaching C$89.72. 126,746 shares of the company’s stock were exchanged, compared to its average volume of 64,945. Kinaxis has a twelve month low of C$63.15 and a twelve month high of C$100.68.

Kinaxis (TSE:KXS) last released its earnings results on Thursday, August 2nd. The company reported C$0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.24 by C($0.03). The firm had revenue of C$50.33 million during the quarter, compared to analyst estimates of C$49.63 million. Kinaxis had a net margin of 18.01% and a return on equity of 21.57%.

Kinaxis Company Profile

Kinaxis Inc provides cloud-based software for supply chain operations. The company offers RapidResponse, which provides supply chain planning and analytics capabilities for managing various supply chain management processes, including supply planning, inventory management, order fulfillment, capacity planning, and master scheduling, as well as sales and operations planning process.

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Analyst Recommendations for Kinaxis (TSE:KXS)

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