Kinaxis Inc. (TSE:KXS) Receives Average Rating of “Moderate Buy” from Brokerages

Kinaxis Inc. (TSE:KXS) has been assigned an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, 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 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$205.00.

KXS has been the topic of a number of analyst reports. Atb Cap Markets cut shares of Kinaxis from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. CIBC decreased their target price on shares of Kinaxis from C$175.00 to C$170.00 in a research report on Friday, February 28th. Stifel Nicolaus lifted their target price on shares of Kinaxis from C$195.00 to C$225.00 in a research report on Friday, May 9th. Royal Bank of Canada lifted their target price on shares of Kinaxis from C$210.00 to C$225.00 in a research report on Friday, May 9th. Finally, BMO Capital Markets boosted their price objective on shares of Kinaxis from C$190.00 to C$225.00 in a research report on Friday, May 9th.

Kinaxis Price Performance

Shares of TSE:KXS opened at C$199.20 on Wednesday. The stock has a market cap of C$4.01 billion, a PE ratio of 197.70, a PEG ratio of 3.60 and a beta of 0.78. The company’s fifty day moving average is C$174.07 and its 200 day moving average is C$171.79. Kinaxis has a 52 week low of C$132.93 and a 52 week high of C$201.44. The company has a quick ratio of 2.29, a current ratio of 1.89 and a debt-to-equity ratio of 12.12.

Insider Buying and Selling at Kinaxis

In related news, Senior Officer Andrew William Robert Bell sold 683 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of C$155.62, for a total transaction of C$106,289.69. Following the sale, the insider now owns 831 shares of the company’s stock, valued at C$129,321.72. The trade was a 45.11% decrease in their ownership of the stock. Also, Senior Officer Stefanie Ann Gordish sold 215 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of C$194.79, for a total transaction of C$41,879.51. Over the last quarter, insiders have sold 66,907 shares of company stock worth $12,755,673. 1.20% of the stock is currently owned by company 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.