Kinaxis (TSE:KXS) Reaches New 52-Week High - Should You Buy?

Kinaxis Inc. (TSE:KXS - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$202.31 and last traded at C$198.30, with a volume of 13615 shares traded. The stock had previously closed at C$198.20.

Analysts Set New Price Targets

KXS has been the topic of a number of analyst reports. BMO Capital Markets lifted their price target on Kinaxis from C$190.00 to C$225.00 in a research note on Friday, May 9th. Stifel Nicolaus lifted their target price on shares of Kinaxis from C$195.00 to C$225.00 in a research report on Friday, May 9th. CIBC dropped their target price on shares of Kinaxis from C$175.00 to C$170.00 in a research report on Friday, February 28th. Atb Cap Markets downgraded shares of Kinaxis from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Royal Bank Of Canada lifted their price objective on shares of Kinaxis from C$210.00 to C$225.00 in a research report on Friday, May 9th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Kinaxis has a consensus rating of "Moderate Buy" and an average price target of C$205.00.

Kinaxis Trading Up 2.5%

The company has a debt-to-equity ratio of 12.12, a quick ratio of 2.29 and a current ratio of 1.89. The company has a 50 day simple moving average of C$192.88 and a two-hundred day simple moving average of C$176.22. The company has a market cap of C$4.11 billion, a PE ratio of 202.74, a PEG ratio of 3.60 and a beta of 0.78.

Insider Activity at Kinaxis

In other Kinaxis news, Director Robert G. Courteau sold 4,662 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of C$194.79, for a total value of C$908,103.52. Also, Senior Officer Vasile Gelu Ticala sold 2,000 shares of the business's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of C$201.00, for a total value of C$402,000.00. Following the completion of the transaction, the insider now owns 596 shares in the company, valued at C$119,796. This trade represents a 77.04% decrease in their position. Over the last three months, insiders have sold 77,493 shares of company stock valued at $15,063,388. Corporate 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.