Kinaxis (TSE:KXS) Sets New 1-Year High - Time to Buy?

Kinaxis Inc. (TSE:KXS - Get Free Report) shares hit a new 52-week high during 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. The stock had previously closed at C$198.20.

Analysts Set New Price Targets

KXS has been the subject of a number of recent research reports. CIBC decreased their price objective on Kinaxis from C$175.00 to C$170.00 in a report on Friday, February 28th. Stifel Nicolaus boosted their price objective on Kinaxis from C$195.00 to C$225.00 in a report on Friday, May 9th. Royal Bank Of Canada boosted their price objective on Kinaxis from C$210.00 to C$225.00 in a report on Friday, May 9th. BMO Capital Markets boosted their price objective on Kinaxis from C$190.00 to C$225.00 in a report on Friday, May 9th. Finally, Atb Cap Markets lowered Kinaxis from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$205.00.

Kinaxis Price Performance

The business has a 50 day moving average price of C$193.99 and a two-hundred day moving average price of C$176.56. The stock has a market cap of C$4.01 billion, a PE ratio of 197.90, a P/E/G ratio of 3.60 and a beta of 0.78. The company has a debt-to-equity ratio of 12.12, a quick ratio of 2.29 and a current ratio of 1.89.

Insider Transactions at Kinaxis

In other Kinaxis news, Director Angel Luis Mendez sold 10,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of C$194.80, for a total transaction of C$1,947,966.00. Also, Senior Officer Christopher John Blaine Fitzgerald sold 39,163 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of C$192.51, for a total value of C$7,539,159.47. Insiders have sold 77,493 shares of company stock worth $15,063,388 in the last 90 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.