Kinaxis Inc (KXS) Given Consensus Recommendation of “Buy” by Analysts

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Kinaxis Inc (TSE:KXS) has received a consensus recommendation of “Buy” from the ten ratings firms that are covering the firm. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$78.11.

Several equities research analysts recently weighed in on the company. Eight Capital restated a “buy” rating and set a C$91.00 price target on shares of Kinaxis in a research report on Tuesday, April 25th. CIBC lifted their price objective on Kinaxis from C$72.00 to C$82.00 in a research note on Friday, March 3rd. TD Securities reiterated a “buy” rating and set a C$81.00 price objective on shares of Kinaxis in a research note on Thursday, March 2nd. Canaccord Genuity lifted their price objective on Kinaxis from C$74.00 to C$80.00 and gave the company a “buy” rating in a research note on Thursday, March 2nd. Finally, Scotiabank reiterated a “sector perform” rating and set a C$63.00 price objective on shares of Kinaxis in a research note on Wednesday, March 1st.

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In other news, insider Vasile Gelu Ticala sold 1,800 shares of the business’s stock in a transaction on Thursday, March 9th. The stock was sold at an average price of C$74.50, for a total value of C$134,100.00. Also, insider Johannes Jacobus Noppe sold 12,500 shares of the business’s stock in a transaction on Thursday, March 23rd. The stock was sold at an average price of C$72.00, for a total value of C$900,000.00. Insiders sold 113,000 shares of company stock valued at $8,198,263 in the last 90 days.

Kinaxis (TSE:KXS) traded up 2.48% during trading on Tuesday, reaching $81.85. 33,148 shares of the company traded hands. The company’s 50-day moving average is $75.60 and its 200 day moving average is $67.90. The company has a market cap of $2.05 billion and a PE ratio of 199.63. Kinaxis has a 12 month low of $40.21 and a 12 month high of $81.95.

Kinaxis Company Profile

Kinaxis Inc is a provider of cloud-based subscription software for supply chain operations. The Company offers RapidResponse as a collection of cloud-based configurable applications. The Company’s RapidResponse product provides supply chain planning and analytics capabilities that create the foundation for managing multiple, interconnected supply chain management processes, including demand planning, supply planning, inventory management, order fulfillment and capacity planning.

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