Kinaxis (TSE:KXS) Director Robert Courteau Sells 5,362 Shares of Stock

Kinaxis Inc. (TSE:KXS) Director Robert Courteau sold 5,362 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of C$178.39, for a total transaction of C$956,527.18. Following the transaction, the director owned 37,898 shares of the company’s stock, valued at C$6,760,624.22. This represents a 12.39% decrease in their position.

Kinaxis Stock Down 2.6%

KXS stock opened at C$175.51 on Wednesday. The company has a quick ratio of 2.29, a current ratio of 1.88 and a debt-to-equity ratio of 11.14. Kinaxis Inc. has a fifty-two week low of C$117.22 and a fifty-two week high of C$193.48. The firm’s 50-day simple moving average is C$160.57 and its 200 day simple moving average is C$147.88. The stock has a market cap of C$4.77 billion, a PE ratio of 57.36, a price-to-earnings-growth ratio of 3.60 and a beta of 0.76.

Kinaxis (TSE:KXS) last posted its earnings results on Wednesday, August 5th. The company reported C$1.08 EPS for the quarter. Kinaxis had a net margin of 14.40% and a return on equity of 20.88%. The firm had revenue of C$230.64 million during the quarter. As a group, sell-side analysts predict that Kinaxis Inc. will post 4.2526231 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on KXS. Stifel Nicolaus lowered their target price on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. National Bank Financial boosted their price target on Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce increased their price target on Kinaxis from C$173.00 to C$205.00 in a research note on Friday, June 5th. Royal Bank Of Canada raised their price target on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, BMO Capital Markets lifted their price objective on shares of Kinaxis from C$195.00 to C$200.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$203.12.

Kinaxis Company Profile

Kinaxis is a leader in modern supply chain orchestration, powering complex global supply chains, and supporting the people who manage them. Our powerful, AI-infused supply chain orchestration platform, Maestro, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain – from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today’s volatility and disruption.