Kinaxis (TSE:KXS – Free Report) had its price objective lifted by National Bank Financial from C$200.00 to C$210.00 in a research report sent to investors on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.
Other research analysts also recently issued research reports about the stock. BMO Capital Markets raised their target price on shares of Kinaxis from C$180.00 to C$185.00 in a research report on Friday, May 8th. Stifel Nicolaus lowered their price target on shares of Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Canadian Imperial Bank of Commerce increased their price objective on shares of Kinaxis from C$173.00 to C$205.00 in a research note on Friday, June 5th. Finally, Royal Bank Of Canada lifted their price objective on shares of Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Kinaxis presently has a consensus rating of “Buy” and an average price target of C$203.12.
View Our Latest Stock Report on Kinaxis
Kinaxis Price Performance
Kinaxis (TSE:KXS – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$1.08 EPS for the quarter. The firm had revenue of C$230.64 million for the quarter. Kinaxis had a return on equity of 19.72% and a net margin of 14.48%. On average, analysts predict that Kinaxis will post 4.2526231 EPS for the current fiscal year.
Insider Activity
In related news, Director Robert G. Courteau sold 5,010 shares of Kinaxis stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of C$151.39, for a total value of C$758,463.90. Following the completion of the sale, the director directly owned 32,945 shares in the company, valued at C$4,987,543.55. This trade represents a 13.20% decrease in their position. Also, insider Conrad John Mandala sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$148.10, for a total transaction of C$4,443,000.00. Following the sale, the insider directly owned 820 shares in the company, valued at approximately C$121,442. This represents a 97.34% decrease in their position. In the last 90 days, insiders have sold 35,934 shares of company stock worth $5,328,181. Corporate insiders own 1.20% of the company’s stock.
Kinaxis Company Profile
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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