Key Points
- Director Robert Courteau sold 5,362 Kinaxis shares at an average price of C$178.39, generating approximately C$956,527. After the sale, he retained 37,898 shares, a 12.39% reduction in his position.
- Kinaxis reported quarterly revenue of C$230.64 million and earnings of C$1.08 per share, with a 14.40% net margin and 20.88% return on equity.
- Analysts remain broadly bullish: seven firms rate the stock “Buy,” with a consensus target price of C$203.12 versus its reported opening price of C$175.51.
Kinaxis Inc. (TSE:KXS - Get Free Report) Director Robert Courteau sold 5,362 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of C$178.39, for a total value of C$956,527.18. Following the completion of the transaction, the director owned 37,898 shares of the company's stock, valued at C$6,760,624.22. This trade represents a 12.39% decrease in their position.
Kinaxis Price Performance
TSE KXS opened at C$175.51 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 2.29 and a debt-to-equity ratio of 11.14. Kinaxis Inc. has a 1 year low of C$117.22 and a 1 year high of C$193.48. The company has a market cap of C$4.77 billion, a PE ratio of 57.36, a PEG ratio of 3.60 and a beta of 0.76. The stock's 50-day moving average price is C$160.57 and its two-hundred day moving average price is C$147.88.
Kinaxis (TSE:KXS - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported C$1.08 earnings per share for the quarter. Kinaxis had a net margin of 14.40% and a return on equity of 20.88%. The business had revenue of C$230.64 million for the quarter. On average, analysts predict that Kinaxis Inc. will post 4.2526231 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on KXS. National Bank Financial increased their target price on Kinaxis from C$200.00 to C$210.00 and gave the company an "outperform" rating in a report on Friday, August 7th. Royal Bank Of Canada upped their price target on Kinaxis from C$200.00 to C$210.00 and gave the company an "outperform" rating in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce increased their price objective on Kinaxis from C$173.00 to C$205.00 in a research note on Friday, June 5th. BMO Capital Markets raised their price objective on Kinaxis from C$195.00 to C$200.00 and gave the stock an "outperform" rating in a research report on Friday, August 7th. Finally, 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 note on Wednesday, May 6th. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$203.12.
Read Our Latest Stock Report on Kinaxis
Kinaxis Company Profile
(
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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