Kinaxis Inc. (KXS.TO) – What Are Researchers Thinking About This Stock?

Shares of Kinaxis Inc. (TSE:KXS) have been given an average recommendation of “Buy” by the eight analysts that are presently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$210.56.

KXS has been the topic of a number of analyst reports. Stifel Nicolaus increased their price target on Kinaxis from C$200.00 to C$225.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. RBC Dominion Securities set a C$210.00 price objective on Kinaxis and gave the stock an “outperform” rating in a research note on Friday, October 23rd. Royal Bank Of Canada set a C$210.00 price objective on Kinaxis and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. BMO Capital Markets upped their price objective on Kinaxis from C$195.00 to C$200.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, National Bank Financial increased their target price on Kinaxis from C$210.00 to C$245.00 and gave the company an “outperform” rating in a research note on Monday, November 9th.

Insider Activity

In related news, insider David Peter Kelly sold 1,603 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of C$177.68, for a total value of C$284,821.04. Following the sale, the insider directly owned 358 shares of the company’s stock, valued at approximately C$63,609.44. The trade was a 81.74% decrease in their position. Also, insider James Alexander Hollingworth sold 2,150 shares of the company’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of C$178.94, for a total value of C$384,721.00. Following the transaction, the insider directly owned 4,772 shares of the company’s stock, valued at C$853,901.68. This represents a 31.06% decrease in their ownership of the stock. In the last quarter, insiders sold 13,076 shares of company stock valued at $2,335,260. Company insiders own 1.20% of the company’s stock.

Kinaxis Price Performance

Kinaxis stock traded up C$1.10 on Friday, reaching C$229.24. The company’s stock had a trading volume of 197,561 shares, compared to its average volume of 129,074. The business’s fifty day moving average price is C$187.40 and its 200 day moving average price is C$158.41. The company has a debt-to-equity ratio of 11.18, a quick ratio of 2.29 and a current ratio of 1.81. The company has a market cap of C$6.21 billion, a price-to-earnings ratio of 71.64, a PEG ratio of 3.60 and a beta of 0.43. Kinaxis has a twelve month low of C$117.22 and a twelve month high of C$231.91.

Kinaxis (TSE:KXS) last issued its quarterly earnings results on Wednesday, November 4th. The company reported C$1.72 earnings per share for the quarter. The business had revenue of C$228.16 million during the quarter. Kinaxis had a net margin of 14.33% and a return on equity of 22.26%. Equities analysts expect that Kinaxis will post 4.25 earnings per share for the current fiscal year.

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.