Key Points
- Kinaxis director Robert Courteau sold 5,010 shares on May 29 at an average price of C$151.39, generating about C$758,464. After the sale, he still held 32,945 shares valued at roughly C$4.99 million.
- Kinaxis reported solid quarterly results with earnings of C$1.45 per share and revenue of C$230.19 million, while analysts expect full-year EPS of about 4.25.
- Wall Street remains broadly bullish on Kinaxis, with six analysts rating the stock a Buy and an average price target of C$195.75, despite some recent target cuts from several firms.
Kinaxis Inc. (TSE:KXS - Get Free Report) Director Robert Courteau sold 5,010 shares of the company's stock in a transaction dated Friday, May 29th. The shares were sold at an average price of C$151.39, for a total transaction of C$758,463.90. Following the transaction, the director owned 32,945 shares in the company, valued at approximately C$4,987,543.55. The trade was a 13.20% decrease in their ownership of the stock.
Kinaxis Stock Performance
Kinaxis stock opened at C$170.13 on Wednesday. The company has a current ratio of 1.72, a quick ratio of 2.29 and a debt-to-equity ratio of 12.15. Kinaxis Inc. has a 1 year low of C$117.22 and a 1 year high of C$212.45. The company has a market cap of C$4.65 billion, a PE ratio of 57.87, a PEG ratio of 3.60 and a beta of 0.68. The company's 50-day moving average is C$142.97 and its two-hundred day moving average is C$150.56.
Kinaxis (TSE:KXS - Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported C$1.45 earnings per share (EPS) for the quarter. Kinaxis had a net margin of 14.48% and a return on equity of 19.72%. The company had revenue of C$230.19 million for the quarter. Equities analysts anticipate that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Royal Bank Of Canada upped their target price on shares of Kinaxis from C$200.00 to C$210.00 and gave the company an "outperform" rating in a research report on Friday, May 8th. BMO Capital Markets increased their price target on shares of Kinaxis from C$180.00 to C$185.00 in a research report on Friday, May 8th. TD Securities cut their price target on shares of Kinaxis from C$229.00 to C$200.00 and set a "buy" rating on the stock in a research report on Friday, March 6th. Stifel Nicolaus cut their price target on shares of 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. Finally, Canaccord Genuity Group cut their price target on shares of Kinaxis from C$225.00 to C$200.00 in a research report on Friday, March 6th. Six analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of C$195.75.
Read Our Latest Stock Analysis on KXS
About Kinaxis
(
Get Free Report)
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.
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