Kinaxis (TSE:KXS) Sets New 12-Month High – Here’s Why

Kinaxis Inc. (TSE:KXS) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$174.98 and last traded at C$174.98, with a volume of 15864 shares trading hands. The stock had previously closed at C$171.66.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. ATB Capital lifted their price target on shares of Kinaxis from C$205.00 to C$215.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. TD Securities decreased their price objective on Kinaxis from C$195.00 to C$190.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus cut their target price on Kinaxis from C$210.00 to C$195.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Scotiabank decreased their target price on Kinaxis from C$200.00 to C$190.00 in a research report 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$192.67.

Kinaxis Stock Up 3.1 %

The company has a current ratio of 1.90, a quick ratio of 2.29 and a debt-to-equity ratio of 12.40. The firm’s 50 day moving average price is C$161.30 and its two-hundred day moving average price is C$156.23. The company has a market capitalization of C$5.00 billion, a price-to-earnings ratio of 176.37, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78.

Kinaxis (TSE:KXS) last posted its quarterly earnings results on Wednesday, October 30th. The company reported C$0.47 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.43 by C$0.04. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. The business had revenue of C$165.79 million for the quarter, compared to analysts’ expectations of C$170.56 million. Sell-side analysts anticipate that Kinaxis Inc. will post 4.2526231 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Angel Luis Mendez acquired 1,400 shares of the firm’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. Also, Senior Officer Megan Paterson sold 3,172 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$156.28, for a total transaction of C$495,720.16. Following the transaction, the insider now owns 121 shares of the company’s stock, valued at approximately C$18,909.88. This represents a 96.33 % decrease in their ownership of the stock. Insiders have sold 43,846 shares of company stock worth $7,333,302 in the last 90 days. Company insiders own 1.20% of the company’s stock.

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.