Angel Luis Mendez Acquires 1,400 Shares of Kinaxis Inc. (TSE:KXS) Stock

Kinaxis Inc. (TSE:KXS) Director Angel Luis Mendez bought 1,400 shares of the business’s stock in a transaction on Friday, September 6th. The stock was purchased at an average price of C$148.96 per share, for a total transaction of C$208,537.00.

Kinaxis Stock Down 0.8 %

Shares of Kinaxis stock opened at C$144.65 on Friday. Kinaxis Inc. has a 52-week low of C$129.13 and a 52-week high of C$172.83. The company has a debt-to-equity ratio of 12.40, a quick ratio of 2.29 and a current ratio of 1.90. The business’s 50 day simple moving average is C$156.38 and its 200 day simple moving average is C$152.52. The firm has a market cap of C$4.08 billion, a PE ratio of 146.11, a P/E/G ratio of 3.60 and a beta of 0.79.

Kinaxis (TSE:KXS) last posted its quarterly earnings data 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 net margin of 4.59% and a return on equity of 4.87%. The company had revenue of C$161.83 million for the quarter, compared to the consensus estimate of C$160.55 million. On average, analysts predict that Kinaxis Inc. will post 3.315416 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KXS. Stifel Nicolaus lowered their price objective on shares of Kinaxis from C$210.00 to C$195.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. CIBC downgraded Kinaxis from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from C$180.00 to C$154.00 in a report on Friday, June 21st. ATB Capital dropped their price target on Kinaxis from C$215.00 to C$205.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. TD Securities decreased their price objective on Kinaxis from C$200.00 to C$195.00 in a research report on Friday, August 2nd. Finally, Scotiabank lowered their target price on Kinaxis from C$200.00 to C$190.00 in a research note on Thursday, August 29th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Kinaxis currently has an average rating of “Moderate Buy” and a consensus target price 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.