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

Key Points

• Kinaxis shares reached a 52-week high, trading as high as C$202.71 and last at C$200.20, up from the prior close of C$197.71.
• Analyst sentiment is positive: eight analysts rate the stock Buy, with a consensus price target of C$206.67. Recent targets include Stifel Nicolaus’s increase to C$225.
• Kinaxis reported quarterly EPS of C$1.72 and revenue of C$228.16 million. Insiders have sold 33,730 shares worth about C$5.88 million over the past 90 days.

Kinaxis Inc. (TSE:KXS - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as C$202.71 and last traded at C$200.20, with a volume of 7,963 shares changing hands. The stock had previously closed at C$197.71.

Wall Street Analyst Weigh In

Several research firms have recently commented on KXS. Royal Bank Of Canada set a C$210.00 price objective on Kinaxis and gave the stock an "outperform" rating in a research note on Wednesday, August 26th. Stifel Nicolaus boosted their price objective on Kinaxis from C$200.00 to C$225.00 and gave the company a "buy" rating in a research note on Thursday, October 29th. RBC Dominion Securities set a C$210.00 target price on shares of Kinaxis and gave the stock an "outperform" rating in a research note on Friday, October 23rd. National Bank Financial lifted their price target on shares of Kinaxis from C$200.00 to C$210.00 and gave the company an "outperform" rating in a report on Friday, August 7th. Finally, BMO Capital Markets upped their price target on shares of Kinaxis from C$195.00 to C$200.00 and gave the stock an "outperform" rating in a research report on Friday, August 7th. Eight research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of C$206.67.

Kinaxis Stock Up 2.3%

The company has a quick ratio of 2.29, a current ratio of 1.88 and a debt-to-equity ratio of 11.14. The company has a 50 day simple moving average of C$181.53 and a two-hundred day simple moving average of C$156.10. The company has a market capitalization of C$5.50 billion, a P/E ratio of 66.11, a PEG ratio of 3.60 and a beta of 0.58.

Kinaxis (TSE:KXS - Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported C$1.72 EPS for the quarter. Kinaxis had a return on equity of 20.88% and a net margin of 14.40%. The firm had revenue of C$228.16 million during the quarter. As a group, equities analysts predict that Kinaxis Inc. will post 4.25 EPS for the current year.

Insider Buying and Selling at Kinaxis

In other Kinaxis news, insider Mark Justin Morgan sold 3,000 shares of Kinaxis stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of C$172.25, for a total transaction of C$516,750.00. Following the completion of the sale, the insider directly owned 10,299 shares of the company's stock, valued at C$1,774,002.75. The trade was a 22.56% decrease in their position. Also, Director Gillian H. (Jill) Denham sold 15,968 shares of the company's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of C$171.36, for a total value of C$2,736,276.48. Following the completion of the sale, the director owned 18,732 shares of the company's stock, valued at C$3,209,915.52. This represents a 46.02% decrease in their ownership of the stock. Over the last ninety days, insiders have sold 33,730 shares of company stock valued at $5,877,368. 1.20% of the stock is owned by company 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.

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