Kinaxis (TSE:KXS) Hits New 52-Week High – Here’s What Happened

Kinaxis Inc. (TSE:KXS) reached a new 52-week high during trading on Tuesday . The company traded as high as C$172.96 and last traded at C$172.55, with a volume of 4190 shares. The stock had previously closed at C$170.99.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Stifel Nicolaus lowered their price target on Kinaxis from C$210.00 to C$195.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Scotiabank cut their price target on Kinaxis from C$200.00 to C$190.00 in a report on Thursday, August 29th. ATB Capital raised their price objective on Kinaxis from C$205.00 to C$215.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, TD Securities dropped their price target on Kinaxis from C$195.00 to C$190.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$192.67.

Kinaxis Price Performance

The stock has a market cap of C$4.83 billion, a price-to-earnings ratio of 170.99, a PEG ratio of 3.60 and a beta of 0.78. The company has a 50-day moving average of C$157.05 and a 200-day moving average of C$154.91. The company has a debt-to-equity ratio of 12.40, a quick ratio of 2.29 and a current ratio of 1.90.

Kinaxis (TSE:KXS) last released its quarterly earnings results on Wednesday, October 30th. The company reported C$0.47 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.43 by C$0.04. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. The business had revenue of C$165.79 million for the quarter, compared to analysts’ expectations of C$170.56 million. As a group, equities research analysts predict that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.

Insider Transactions at Kinaxis

In related news, Senior Officer Megan Paterson sold 3,172 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$156.28, for a total value of C$495,720.16. Following the completion of the sale, the insider now directly owns 121 shares in the company, valued at approximately C$18,909.88. This represents a 0.00 % decrease in their position. In other news, Senior Officer Megan Paterson sold 3,172 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$156.28, for a total transaction of C$495,720.16. Following the completion of the sale, the insider now directly owns 121 shares in the company, valued at C$18,909.88. This trade represents a 0.00 % decrease in their ownership of the stock. Also, Senior Officer David Peter Kelly sold 1,500 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of C$162.21, for a total transaction of C$243,319.95. Insiders sold a total of 5,373 shares of company stock worth $843,882 in the last ninety days. Insiders own 1.20% of the company’s stock.

About Kinaxis

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services.