Kinaxis (TSE:KXS) Reaches New 52-Week High - Time to Buy?

Key Points

• Kinaxis reached a 52-week intraday high of C$216.99, then was last quoted at C$203.44; the article reports trading volume of 2,373 shares.
• Analyst sentiment was broadly positive: eight analysts rated the stock Buy, with a consensus price target of C$210.56. National Bank Financial raised its target to C$245, while Stifel lifted its target to C$225.
• Kinaxis reported quarterly EPS of C$1.72 and revenue of C$228.16 million. Insiders sold 14,762 shares worth about C$2.62 million over the last quarter.

Kinaxis Inc. (TSE:KXS - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as C$216.99 and last traded at C$203.44, with a volume of 2,373 shares. The stock had previously closed at C$215.63.

Analysts Set New Price Targets

Several research firms have recently issued reports 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. National Bank Financial increased their price objective on Kinaxis from C$210.00 to C$245.00 and gave the company an "outperform" rating in a report on Monday. RBC Dominion Securities set a C$210.00 target price on Kinaxis and gave the stock an "outperform" rating in a research report on Friday, October 23rd. Royal Bank Of Canada set a C$210.00 target price on Kinaxis and gave the stock an "outperform" rating in a research note on Wednesday, August 26th. Finally, Stifel Nicolaus boosted their target price on Kinaxis from C$200.00 to C$225.00 and gave the stock a "buy" rating in a research note on Thursday, October 29th. Eight equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of C$210.56.

Kinaxis Trading Up 3.4%

The company has a quick ratio of 2.29, a current ratio of 1.81 and a debt-to-equity ratio of 11.18. The stock has a market capitalization of C$6.03 billion, a PE ratio of 69.67, a PEG ratio of 3.60 and a beta of 0.43. The business's 50-day moving average is C$184.15 and its two-hundred day moving average is C$157.19.

Kinaxis (TSE:KXS - Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The company reported C$1.72 earnings per share (EPS) for the quarter. Kinaxis had a return on equity of 22.26% and a net margin of 14.33%. The company had revenue of C$228.16 million for the quarter. On average, analysts anticipate that Kinaxis Inc. will post 4.25 earnings per share for the current fiscal year.

Insider Transactions at Kinaxis

In related news, insider David Peter Kelly sold 1,603 shares of the firm's stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of C$177.68, for a total transaction of C$284,821.04. Following the transaction, the insider owned 358 shares in the company, valued at C$63,609.44. This trade represents a 81.74% decrease in their position. Also, Director Robert G. Courteau sold 5,362 shares of Kinaxis 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 transaction, the director directly owned 37,898 shares in the company, valued at approximately C$6,760,624.22. This trade represents a 12.39% decrease in their position. Over the last quarter, insiders sold 14,762 shares of company stock worth $2,624,341. Insiders own 1.20% of the company's stock.

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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