Kinaxis Inc. (TSE:KXS) Director Acquires C$386,428.00 in Stock

Kinaxis Inc. (TSE:KXS) Director Robert G. Courteau bought 2,800 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were acquired at an average price of C$138.01 per share, for a total transaction of C$386,428.00.

Kinaxis Stock Performance

Shares of Kinaxis stock opened at C$147.32 on Friday. The firm has a market capitalization of C$4.16 billion, a P/E ratio of 148.81, a P/E/G ratio of 3.60 and a beta of 0.79. The company has a quick ratio of 2.29, a current ratio of 1.90 and a debt-to-equity ratio of 12.40. Kinaxis Inc. has a 52 week low of C$129.13 and a 52 week high of C$172.83. The firm’s 50 day moving average is C$156.62 and its two-hundred day moving average is C$152.90.

Kinaxis (TSE:KXS) last announced its earnings results on Wednesday, July 31st. The company reported C$0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.27 by C$0.15. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. The firm had revenue of C$161.83 million during the quarter, compared to analysts’ expectations of C$160.55 million. Research analysts forecast that Kinaxis Inc. will post 3.315416 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on KXS shares. TD Securities dropped their target price on Kinaxis from C$200.00 to C$195.00 in a research report on Friday, August 2nd. ATB Capital reduced their target price on shares of Kinaxis from C$215.00 to C$205.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Scotiabank lowered their price target on shares of Kinaxis from C$200.00 to C$190.00 in a report on Thursday. CIBC lowered Kinaxis from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from C$180.00 to C$154.00 in a research note on Friday, June 21st. Finally, Stifel Nicolaus lowered their target price on Kinaxis from C$210.00 to C$195.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Kinaxis has a consensus rating of “Moderate Buy” and a consensus price target of C$192.11.

About Kinaxis

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services.