Kinaxis Inc. (TSE:KXS) Director Angel Luis Mendez Purchases 1,400 Shares

Kinaxis Inc. (TSE:KXS) Director Angel Luis Mendez purchased 1,400 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of C$148.96 per share, with a total value of C$208,537.00.

Kinaxis Price Performance

KXS opened at C$144.65 on Friday. The company has a fifty day moving average price of C$156.38 and a two-hundred day moving average price of C$152.52. The firm has a market capitalization 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 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.

Kinaxis (TSE:KXS) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.27 by C$0.15. The business had revenue of C$161.83 million for the quarter, compared to analyst estimates of C$160.55 million. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. As a group, analysts anticipate that Kinaxis Inc. will post 3.315416 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. CIBC lowered Kinaxis from an “outperform” rating to a “neutral” rating and lowered their target price for the company from C$180.00 to C$154.00 in a research note on Friday, June 21st. Scotiabank lowered their price objective on shares of Kinaxis from C$200.00 to C$190.00 in a research report on Thursday, August 29th. ATB Capital reduced their target price on shares of 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 lowered their price target on shares of Kinaxis from C$200.00 to C$195.00 in a report on Friday, August 2nd. Finally, Stifel Nicolaus dropped 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. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Kinaxis currently has an average 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.