Kinaxis Inc (TSE:KXS) has earned a consensus rating of “Buy” from the nine ratings firms that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have covered the stock in the last year is C$97.72.
A number of brokerages have commented on KXS. CIBC boosted their target price on Kinaxis from C$101.00 to C$107.00 in a research note on Monday, August 27th. Royal Bank of Canada boosted their target price on Kinaxis from C$105.00 to C$110.00 and gave the company an “outperform” rating in a research note on Monday, September 10th. Canaccord Genuity lowered their target price on Kinaxis from C$100.00 to C$97.50 in a research note on Friday, November 9th. TD Securities lowered their target price on Kinaxis from C$105.00 to C$98.00 and set a “buy” rating on the stock in a research note on Monday, November 12th. Finally, Eight Capital lowered their target price on Kinaxis from C$105.00 to C$100.00 in a research note on Monday, November 12th.
TSE:KXS traded down C$2.16 during trading hours on Friday, hitting C$69.54. 77,812 shares of the company’s stock traded hands, compared to its average volume of 74,196. The company has a debt-to-equity ratio of 7.13, a current ratio of 3.07 and a quick ratio of 2.97. Kinaxis has a twelve month low of C$63.40 and a twelve month high of C$100.68.
In related news, Director J. Ian Giffen purchased 3,000 shares of the firm’s stock in a transaction dated Thursday, November 15th. The stock was bought at an average price of C$65.00 per share, for a total transaction of C$195,000.00. Also, insider Paul Carreiro purchased 1,100 shares of the firm’s stock in a transaction dated Friday, November 16th. The shares were bought at an average price of C$67.20 per share, with a total value of C$73,920.00. Insiders acquired 7,400 shares of company stock worth $495,840 in the last 90 days.
Kinaxis Inc provides cloud-based software for supply chain operations. The company offers RapidResponse, which provides supply chain planning and analytics capabilities for managing various supply chain management processes, including supply planning, inventory management, order fulfillment, capacity planning, and master scheduling, as well as sales and operations planning process.
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