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

Shares of Kinaxis Inc. (TSE:KXS) have been given an average recommendation of “Moderate Buy” by the six research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$195.00.

Several equities analysts have recently issued reports on the company. Royal Bank of Canada set a C$210.00 target price on Kinaxis and gave the stock an “outperform” rating in a research report on Friday, March 21st. CIBC decreased their price objective on shares of Kinaxis from C$175.00 to C$170.00 in a report on Friday, February 28th.

Kinaxis Stock Up 2.2 %

Shares of Kinaxis stock opened at C$158.66 on Tuesday. The business has a fifty day simple moving average of C$163.04 and a 200 day simple moving average of C$166.11. The stock has a market cap of C$3.19 billion, a PE ratio of 157.47, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. The company has a quick ratio of 2.29, a current ratio of 1.89 and a debt-to-equity ratio of 12.12. Kinaxis has a 12 month low of C$132.93 and a 12 month high of C$190.17.

Insider Activity at Kinaxis

In related news, Senior Officer Andrew William Robert Bell sold 683 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of C$155.62, for a total value of C$106,289.69. Following the completion of the transaction, the insider now directly owns 831 shares of the company’s stock, valued at approximately C$129,321.72. This represents a 45.11 % decrease in their position. Also, Senior Officer Christopher John Blaine Fitzgerald sold 2,177 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of C$156.26, for a total value of C$340,172.58. In the last three months, insiders sold 4,924 shares of company stock worth $770,090. 1.20% of the stock is owned by company 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.