Kinaxis (TSE:KXS) Sets New 12-Month High - Time to Buy?

Shares of Kinaxis Inc. (TSE:KXS - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$199.86 and last traded at C$204.50, with a volume of 42710 shares changing hands. The stock had previously closed at C$203.19.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KXS shares. Royal Bank Of Canada lifted their price target on shares of Kinaxis from C$210.00 to C$225.00 in a research report on Friday, May 9th. Stifel Nicolaus lifted their price target on shares of Kinaxis from C$195.00 to C$225.00 in a research report on Friday, May 9th. ATB Capital downgraded shares of Kinaxis from an "outperform" rating to a "sector perform" rating and set a C$210.00 price target for the company. in a research report on Friday, May 9th. BMO Capital Markets raised their price objective on shares of Kinaxis from C$190.00 to C$225.00 in a research note on Friday, May 9th. Finally, Atb Cap Markets cut shares of Kinaxis from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$205.00.

Kinaxis Stock Down 0.8%

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 market capitalization of C$4.16 billion, a price-to-earnings ratio of 205.24, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. The firm's 50-day simple moving average is C$199.86 and its 200-day simple moving average is C$180.32.

Insider Activity at Kinaxis

In other news, Senior Officer David Peter Kelly sold 8,466 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of C$196.76, for a total transaction of C$1,665,769.31. Also, Senior Officer Christopher John Blaine Fitzgerald sold 39,163 shares of Kinaxis stock in a transaction dated Monday, May 12th. The shares were sold at an average price of C$192.51, for a total transaction of C$7,539,159.47. Insiders sold 77,493 shares of company stock worth $15,063,388 in the last ninety days. Company insiders own 1.20% of the company's stock.

About Kinaxis

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm's flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation.