Kinaxis (TSE:KXS) Hits New 52-Week High – Here’s Why

Kinaxis Inc. (TSE:KXS)’s share price hit a new 52-week high during trading on Thursday. The stock traded as high as C$202.71 and last traded at C$200.20, with a volume of 7,963 shares changing hands. The stock had previously closed at C$197.71.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Kinaxis from C$200.00 to C$225.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Royal Bank Of Canada set a C$210.00 target price on Kinaxis and gave the stock an “outperform” rating in a report on Wednesday, August 26th. National Bank Financial 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, August 7th. BMO Capital Markets upped their target price on Kinaxis from C$195.00 to C$200.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Finally, RBC Dominion Securities set a C$210.00 target price on Kinaxis and gave the stock an “outperform” rating in a research note on Friday, October 23rd. Eight analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Kinaxis currently has a consensus rating of “Buy” and an average price target of C$206.67.

Kinaxis Stock Performance

The stock has a market capitalization of C$5.62 billion, a price-to-earnings ratio of 67.55, a PEG ratio of 3.60 and a beta of 0.43. The firm has a fifty day moving average of C$182.77 and a 200-day moving average of C$156.56. The company has a quick ratio of 2.29, a current ratio of 1.81 and a debt-to-equity ratio of 11.18.

Kinaxis (TSE:KXS) last issued its quarterly earnings results on Wednesday, November 4th. The company reported C$1.72 EPS for the quarter. The business had revenue of C$228.16 million during the quarter. Kinaxis had a net margin of 14.33% and a return on equity of 22.26%. As a group, sell-side analysts anticipate that Kinaxis Inc. will post 4.25 EPS for the current year.

Insider Activity at Kinaxis

In related news, insider David Peter Kelly sold 1,603 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of C$177.68, for a total transaction of C$284,821.04. Following the transaction, the insider directly owned 358 shares in the company, valued at C$63,609.44. This trade represents a 81.74% decrease in their ownership of the stock. Also, insider Andrew William Robert Bell sold 3,000 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of C$179.48, for a total transaction of C$538,440.00. Following the sale, the insider owned 1,455 shares in the company, valued at approximately C$261,143.40. This trade represents a 67.34% decrease in their position. Insiders sold 33,730 shares of company stock worth $5,877,368 over the last ninety days. Company insiders own 1.20% of the company’s stock.

About Kinaxis

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.