Kinaxis Inc (TSE:KXS) has earned a consensus recommendation of “Buy” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$90.40.
KXS has been the topic of several recent analyst reports. Scotiabank reduced their target price on Kinaxis from C$81.00 to C$78.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 24th. CIBC upped their target price on Kinaxis from C$90.00 to C$95.00 and gave the company an “outperform” rating in a research report on Thursday, January 18th. National Bank Financial upped their target price on Kinaxis from C$90.00 to C$100.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Finally, Royal Bank of Canada upped their target price on Kinaxis from C$85.00 to C$90.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd.
Shares of Kinaxis (KXS) traded down C$0.19 during trading hours on Friday, reaching C$82.61. The company had a trading volume of 55,749 shares, compared to its average volume of 66,891. Kinaxis has a 12 month low of C$63.15 and a 12 month high of C$91.98. The firm has a market cap of $2,000.00, a price-to-earnings ratio of 104.57 and a beta of 0.95.
In other Kinaxis news, insider John Randall Erwin sold 3,333 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of C$74.71, for a total transaction of C$249,008.43. Also, Director Douglas Proctor Colbeth sold 12,333 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of C$73.50, for a total value of C$906,475.50. Insiders sold 71,849 shares of company stock worth $5,050,944 in the last 90 days.
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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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