Kinaxis Inc. (TSE:KXS – Get Free Report) has earned a consensus recommendation of “Buy” from the seven brokerages that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$203.12.
KXS has been the subject of a number of research reports. Royal Bank Of Canada set a C$210.00 price objective on Kinaxis and gave the company an “outperform” rating in a research report on Wednesday, August 26th. BMO Capital Markets raised their target price on Kinaxis from C$195.00 to C$200.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce boosted their price target on Kinaxis from C$173.00 to C$205.00 in a research note on Friday, June 5th. Finally, National Bank Financial upped their price target on shares of Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research report on Friday, August 7th.
Check Out Our Latest Stock Report on KXS
Kinaxis Stock Performance
Kinaxis (TSE:KXS – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported C$1.08 earnings per share for the quarter. The business had revenue of C$230.64 million during the quarter. Kinaxis had a net margin of 14.40% and a return on equity of 20.88%. Research analysts forecast that Kinaxis will post 4.2526231 earnings per share for the current year.
Insider Buying and Selling
In other Kinaxis news, insider Mark Justin Morgan sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of C$172.25, for a total transaction of C$516,750.00. Following the completion of the sale, the insider directly owned 10,299 shares of the company’s stock, valued at approximately C$1,774,002.75. This represents a 22.56% decrease in their ownership of the stock. Also, Director Robert G. Courteau sold 5,362 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of C$178.39, for a total transaction of C$956,527.18. Following the completion of the transaction, the director owned 37,898 shares in the company, valued at C$6,760,624.22. The trade was a 12.39% decrease in their ownership of the stock. Insiders have sold a total of 31,580 shares of company stock valued at $5,492,647 in the last 90 days. 1.20% of the stock is owned by insiders.
About Kinaxis
Kinaxis is a leader in modern supply chain orchestration, powering complex global supply chains, and supporting the people who manage them. Our powerful, AI-infused supply chain orchestration platform, Maestro, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain – from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today’s volatility and disruption.
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