Kinaxis (TSE:KXS) Reaches New 12-Month High – What’s Next?

Kinaxis Inc. (TSE:KXS) reached a new 52-week high on Tuesday . The stock traded as high as C$174.98 and last traded at C$174.98, with a volume of 15864 shares. The stock had previously closed at C$171.66.

Analyst Ratings Changes

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

Kinaxis Trading Up 1.3 %

The company has a quick ratio of 2.29, a current ratio of 1.90 and a debt-to-equity ratio of 12.40. The company has a market cap of C$5.07 billion, a P/E ratio of 179.43, a P/E/G ratio of 3.60 and a beta of 0.78. The business has a 50-day moving average price of C$162.23 and a two-hundred day moving average price of C$156.70.

Kinaxis (TSE:KXS) last announced its quarterly earnings data on Wednesday, October 30th. The company reported C$0.47 earnings per share for the quarter, topping the consensus estimate of C$0.43 by C$0.04. The firm had revenue of C$165.79 million during the quarter, compared to analysts’ expectations of C$170.56 million. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. On average, analysts predict that Kinaxis Inc. will post 4.2526231 EPS for the current year.

Insider Activity at Kinaxis

In other Kinaxis news, Director John Ernest Sicard sold 24,147 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of C$167.91, for a total transaction of C$4,054,585.55. Also, Director Angel Luis Mendez purchased 1,400 shares of the stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of C$148.96 per share, with a total value of C$208,537.00. Insiders have sold 46,846 shares of company stock worth $7,856,802 over the last ninety days. Company 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.