Kinaxis Inc (KXS) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Kinaxis Inc (TSE:KXS) have been given an average recommendation of “Buy” by the ten research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$89.89.

KXS has been the subject of several recent analyst reports. Royal Bank of Canada increased their price objective on Kinaxis from C$85.00 to C$90.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. CIBC upgraded Kinaxis from a “neutral” rating to an “outperform” rating in a research note on Friday, November 3rd. Finally, Scotiabank dropped their price objective on Kinaxis from C$81.00 to C$78.00 and set an “outperform” rating for the company in a research note on Tuesday, October 24th.

Shares of Kinaxis (KXS) traded down C$0.14 during midday trading on Thursday, hitting C$77.01. The company had a trading volume of 51,344 shares, compared to its average volume of 86,897. Kinaxis has a twelve month low of C$58.91 and a twelve month high of C$91.98.

In other news, Director Douglas Proctor Colbeth sold 12,333 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of C$73.50, for a total transaction of C$906,475.50. Also, insider Richard George Monkman sold 27,900 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of C$73.35, for a total value of C$2,046,465.00. Insiders have sold 71,949 shares of company stock worth $5,058,176 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.

Analyst Recommendations for Kinaxis (TSE:KXS)

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