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

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

Wall Street Analysts Forecast Growth

KXS has been the subject of a number of analyst reports. Scotiabank lowered their price objective on Kinaxis from C$200.00 to C$190.00 in a research report on Thursday, August 29th. Stifel Nicolaus dropped their price target on shares of Kinaxis from C$210.00 to C$195.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. ATB Capital increased their price objective 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. Finally, TD Securities dropped their target price on shares of Kinaxis from C$195.00 to C$190.00 and set a “buy” rating on the stock in a report on Friday, November 1st. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Kinaxis currently has an average rating of “Moderate Buy” and a consensus target price of C$192.67.

Kinaxis Stock Performance

The company has a debt-to-equity ratio of 12.40, a current ratio of 1.90 and a quick ratio of 2.29. The company has a fifty day moving average price of C$161.30 and a 200 day moving average price of C$156.23. The stock has a market cap of C$5.00 billion, a P/E ratio of 176.37, a P/E/G ratio of 3.60 and a beta of 0.78.

Kinaxis (TSE:KXS) last announced its quarterly earnings results on Wednesday, October 30th. The company reported C$0.47 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of C$170.56 million. On average, equities analysts expect that Kinaxis Inc. will post 4.2526231 EPS for the current year.

Insider Buying and Selling at Kinaxis

In other news, Senior Officer Megan Paterson sold 9,512 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$167.76, for a total value of C$1,595,735.02. Following the transaction, the insider now owns 121 shares in the company, valued at C$20,298.98. The trade was a 98.74 % decrease in their position. Also, Director Elizabeth (Betsy) Rafael sold 5,515 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of C$171.16, for a total value of C$943,941.33. In the last quarter, insiders sold 43,846 shares of company stock worth $7,333,302. 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.