Kinaxis (TSE:KXS) Reaches New 1-Year High at $102.71

Shares of Kinaxis Inc (TSE:KXS) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$102.71 and last traded at C$102.38, with a volume of 36598 shares traded. The stock had previously closed at C$102.55.

KXS has been the topic of several recent analyst reports. BMO Capital Markets increased their target price on shares of Kinaxis from C$91.00 to C$95.00 in a research note on Tuesday, August 6th. TD Securities increased their target price on shares of Kinaxis from C$96.00 to C$110.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. National Bank Financial increased their target price on shares of Kinaxis from C$100.00 to C$115.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Canaccord Genuity increased their target price on shares of Kinaxis from C$95.00 to C$105.00 in a research note on Friday, November 1st. Finally, CIBC increased their target price on shares of Kinaxis from C$108.00 to C$110.00 in a research note on Wednesday, November 13th. Six analysts have rated the stock with a buy rating, Kinaxis currently has an average rating of “Buy” and an average price target of C$106.00.

The firm’s 50 day moving average price is C$87.01 and its 200-day moving average price is C$81.59. The company has a debt-to-equity ratio of 4.83, a quick ratio of 3.24 and a current ratio of 3.34. The firm has a market capitalization of $2.61 billion and a PE ratio of 148.34.

Kinaxis (TSE:KXS) last issued its quarterly earnings results on Thursday, October 31st. The company reported C$0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.20 by C$0.02. The company had revenue of C$62.22 million during the quarter, compared to analysts’ expectations of C$58.01 million. On average, equities research analysts expect that Kinaxis Inc will post 1.35 earnings per share for the current fiscal year.

Kinaxis Company Profile (TSE:KXS)

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. The company offers RapidResponse, which provide supply chain planning and analytics capabilities for managing various supply chain management processes, including demand planning, supply planning, inventory management, order fulfillment, capacity planning, and master scheduling, as well as sales and operations planning process.

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