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

Kinaxis Inc. (TSE:KXS)’s stock price reached a new 52-week high during trading on Tuesday. The stock traded as high as C$184.44 and last traded at C$183.84, with a volume of 24,323 shares trading hands. The stock had previously closed at C$180.86.

Analysts Set New Price Targets

KXS has been the topic of several recent analyst reports. Royal Bank Of Canada set a C$210.00 target price on shares of Kinaxis and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. National Bank Financial upped their target price on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, BMO Capital Markets increased 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. Seven investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Kinaxis has an average rating of “Buy” and an average target price of C$203.12.

Kinaxis Stock Performance

The company’s 50-day moving average is C$174.99 and its two-hundred day moving average is C$158.69. The company has a quick ratio of 2.29, a current ratio of 1.88 and a debt-to-equity ratio of 11.14. The company has a market cap of C$4.95 billion, a P/E ratio of 59.49, a price-to-earnings-growth ratio of 3.60 and a beta of 0.58.

Kinaxis (TSE:KXS) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$1.71 EPS for the quarter. The business had revenue of C$225.60 million for the quarter. Kinaxis had a net margin of 14.40% and a return on equity of 20.88%. Equities analysts predict that Kinaxis Inc. will post 4.25 EPS for the current year.

Insider Activity at Kinaxis

In related news, insider Vasile Gelu Ticala sold 961 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of C$177.68, for a total value of C$170,750.48. Following the transaction, the insider owned 596 shares in the company, valued at approximately C$105,897.28. This represents a 61.72% decrease in their ownership of the stock. Also, insider Andrew William Robert Bell sold 3,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider owned 1,455 shares in the company, valued at approximately C$261,143.40. The trade was a 67.34% decrease in their position. Insiders have sold a total of 33,730 shares of company stock worth $5,877,368 over the last 90 days. Corporate insiders own 1.20% of the company’s stock.

Kinaxis Company Profile

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.