Kinaxis (TSE:KXS) Reaches New 52-Week High – Time to Buy?

Kinaxis Inc. (TSE:KXS) reached a new 52-week high during trading on Wednesday. The company traded as high as C$216.99 and last traded at C$203.44, with a volume of 2,373 shares trading hands. The stock had previously closed at C$215.63.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. RBC Dominion Securities set a C$210.00 target price on shares of Kinaxis and gave the company an “outperform” rating in a report on Friday, October 23rd. Royal Bank Of Canada set a C$210.00 price target on Kinaxis and gave the stock an “outperform” rating in a report on Wednesday, August 26th. BMO Capital Markets boosted their price target on Kinaxis from C$195.00 to C$200.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. National Bank Financial boosted their price target on Kinaxis from C$210.00 to C$245.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Stifel Nicolaus upped their price objective on Kinaxis from C$200.00 to C$225.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Eight investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, Kinaxis presently has a consensus rating of “Buy” and a consensus target price of C$210.56.

Kinaxis Trading Up 3.4%

The company has a quick ratio of 2.29, a current ratio of 1.81 and a debt-to-equity ratio of 11.18. The company has a fifty day moving average of C$184.15 and a two-hundred day moving average of C$157.19. The stock has a market capitalization of C$6.03 billion, a price-to-earnings ratio of 69.67, a P/E/G ratio of 3.60 and a beta of 0.43.

Kinaxis (TSE:KXS) last announced its quarterly earnings data on Wednesday, November 4th. The company reported C$1.72 EPS for the quarter. Kinaxis had a net margin of 14.33% and a return on equity of 22.26%. The company had revenue of C$228.16 million during the quarter. On average, research analysts expect that Kinaxis Inc. will post 4.25 EPS for the current year.

Insider Buying and Selling at Kinaxis

In related news, insider Andrew William Robert Bell sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of C$179.48, for a total value of C$538,440.00. Following the completion of the sale, the insider owned 1,455 shares in the company, valued at C$261,143.40. This trade represents a 67.34% decrease in their ownership of the stock. Also, Director Robert G. Courteau sold 5,362 shares of Kinaxis stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of C$178.39, for a total value of C$956,527.18. Following the completion of the sale, the director directly owned 37,898 shares in the company, valued at C$6,760,624.22. This represents a 12.39% decrease in their position. Over the last quarter, insiders sold 14,762 shares of company stock valued at $2,624,341. 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.