Kinaxis (TSE:KXS) Reaches New 52-Week High - Here's What Happened

Key Points

• Kinaxis shares reached a new 52-week high of C$194.48 during Tuesday trading and last traded at C$192.33, up from the prior close of C$189.47.
• Analysts remain bullish, with seven Buy ratings, a consensus rating of “Buy,” and an average price target of C$203.12. Recent targets from BMO, RBC, and National Bank Financial range up to C$210.
• The company reported C$225.6 million in quarterly revenue and C$1.71 in earnings per share, while insiders sold 33,730 shares worth approximately C$5.88 million over the past 90 days.

Kinaxis Inc. (TSE:KXS - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday. The stock traded as high as C$194.48 and last traded at C$192.33, with a volume of 7,490 shares changing hands. The stock had previously closed at C$189.47.

Analyst Ratings Changes

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

Kinaxis Stock Performance

The firm has a market capitalization of C$5.29 billion, a price-to-earnings ratio of 63.56, a PEG ratio of 3.60 and a beta of 0.58. The company has a current ratio of 1.88, a quick ratio of 2.29 and a debt-to-equity ratio of 11.14. The stock's 50-day moving average is C$176.61 and its 200-day moving average is C$160.46.

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

Insider Activity at Kinaxis

In related news, insider Andrew William Robert Bell sold 3,000 shares of the firm's stock in a transaction 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 sale, the insider owned 1,455 shares of the company's stock, valued at C$261,143.40. This trade represents a 67.34% decrease in their position. Also, insider James Alexander Hollingworth sold 2,150 shares of the firm's stock in a transaction on Thursday, September 17th. The shares were sold at an average price of C$178.94, for a total value of C$384,721.00. Following the sale, the insider directly owned 4,772 shares in the company, valued at approximately C$853,901.68. This trade represents a 31.06% decrease in their position. In the last ninety days, insiders sold 33,730 shares of company stock valued at $5,877,368. 1.20% of the stock is owned by company insiders.

About Kinaxis

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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