Kinaxis (TSE:KXS) Hits New 12-Month High – Still a Buy?

Kinaxis Inc. (TSE:KXS) reached a new 52-week high during mid-day 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. The stock had previously closed at C$197.71.

Analyst Ratings Changes

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

Kinaxis Stock Performance

The firm’s 50-day moving average price is C$181.53 and its two-hundred day moving average price is C$156.10. The company has a debt-to-equity ratio of 11.14, a quick ratio of 2.29 and a current ratio of 1.88. The stock has a market cap of C$5.50 billion, a price-to-earnings ratio of 66.11, a PEG ratio of 3.60 and a beta of 0.58.

Kinaxis (TSE:KXS) last issued its earnings results on Wednesday, November 4th. The company reported C$1.72 EPS for the quarter. The company had revenue of C$228.16 million for the quarter. Kinaxis had a net margin of 14.40% and a return on equity of 20.88%. On average, analysts expect that Kinaxis Inc. will post 4.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Vasile Gelu Ticala sold 961 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of C$177.68, for a total value of C$170,750.48. Following the transaction, the insider directly owned 596 shares in the company, valued at approximately C$105,897.28. This represents a 61.72% decrease in their position. Also, insider James Alexander Hollingworth sold 2,150 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of C$178.94, for a total transaction of C$384,721.00. Following the transaction, the insider directly owned 4,772 shares of the company’s stock, valued at C$853,901.68. The trade was a 31.06% decrease in their position. In the last ninety days, insiders sold 33,730 shares of company stock worth $5,877,368. 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.