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

Key Points

• Kinaxis shares reached a new 52-week high of C$184.44 and last traded at C$183.84, up from the prior close of C$180.86.
• Analysts remain bullish: seven analysts rate the stock a Buy, with a consensus price target of C$203.12 and recent targets raised as high as C$210.
• The company reported C$1.71 in quarterly EPS and C$225.60 million in revenue, while insiders sold 33,730 shares worth approximately C$5.88 million over the past three months.

Shares of Kinaxis Inc. (TSE:KXS - Get Free Report) reached a new 52-week high on Tuesday. The company traded as high as C$184.44 and last traded at C$183.84, with a volume of 24,323 shares. The stock had previously closed at C$180.86.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. BMO Capital Markets increased their price target on Kinaxis from C$195.00 to C$200.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. National Bank Financial raised their price objective on Kinaxis from C$200.00 to C$210.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Finally, Royal Bank Of Canada set a C$210.00 price objective on Kinaxis and gave the company an "outperform" rating in a report on Wednesday, August 26th. Seven investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, Kinaxis has a consensus rating of "Buy" and an average price target of C$203.12.

Kinaxis Stock Performance

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

Kinaxis (TSE:KXS - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported C$1.71 EPS for the quarter. Kinaxis had a net margin of 14.40% and a return on equity of 20.88%. The company had revenue of C$225.60 million during the quarter. On average, analysts forecast that Kinaxis Inc. will post 4.25 earnings per share for the current year.

Insider Buying and Selling at Kinaxis

In other Kinaxis news, insider Andrew William Robert Bell sold 3,000 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of C$179.48, for a total transaction of C$538,440.00. Following the completion of the sale, the insider directly owned 1,455 shares of the company's stock, valued at approximately C$261,143.40. The trade was a 67.34% decrease in their position. Also, Director Robert G. Courteau sold 5,362 shares of the business's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of C$178.39, for a total value of C$956,527.18. Following the sale, the director directly owned 37,898 shares of the company's stock, valued at C$6,760,624.22. This represents a 12.39% decrease in their ownership of the stock. In the last three months, insiders have sold 33,730 shares of company stock worth $5,877,368. 1.20% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.