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

Kinaxis Inc. (TSE:KXS)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$172.96 and last traded at C$172.55, with a volume of 4190 shares changing hands. The stock had previously closed at C$170.99.

Wall Street Analyst Weigh In

KXS has been the subject of several analyst reports. Stifel Nicolaus reduced their price objective on shares of Kinaxis from C$210.00 to C$195.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. ATB Capital lifted their price objective on shares of Kinaxis from C$205.00 to C$215.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Scotiabank reduced their price objective on shares of Kinaxis from C$200.00 to C$190.00 in a research note on Thursday, August 29th. Finally, TD Securities reduced their price objective on shares of 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. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Kinaxis presently has a consensus rating of “Moderate Buy” and an average price target of C$192.67.

Kinaxis Stock Performance

The company has a market capitalization of C$4.83 billion, a P/E ratio of 170.99, a PEG ratio of 3.60 and a beta of 0.78. The business’s 50-day moving average price is C$157.05 and its two-hundred day moving average price is C$154.91. The company has a debt-to-equity ratio of 12.40, a current ratio of 1.90 and a quick ratio of 2.29.

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

Insider Transactions at Kinaxis

In other news, Senior Officer Andrew William Robert Bell sold 701 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of C$149.56, for a total transaction of C$104,841.70. Following the transaction, the insider now directly owns 831 shares of the company’s stock, valued at approximately C$124,284.53. This trade represents a 0.00 % decrease in their ownership of the stock. In related news, Director Angel Luis Mendez purchased 1,400 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of C$148.96 per share, with a total value of C$208,537.00. Also, Senior Officer Andrew William Robert Bell sold 701 shares of Kinaxis stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of C$149.56, for a total transaction of C$104,841.70. Following the completion of the sale, the insider now directly owns 831 shares of the company’s stock, valued at approximately C$124,284.53. This trade represents a 0.00 % decrease in their ownership of the stock. Insiders have sold 5,373 shares of company stock worth $843,882 in the last ninety days. Insiders own 1.20% of the company’s stock.

Kinaxis Company Profile

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.