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

Kinaxis Inc. (TSE:KXS)’s stock price reached a new 52-week high 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. The stock had previously closed at C$189.47.

Analysts Set New Price Targets

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

Kinaxis Trading Up 2.7%

The company has a market cap of C$5.29 billion, a price-to-earnings ratio of 63.56, a price-to-earnings-growth ratio of 3.60 and a beta of 0.58. The business’s fifty day moving average price is C$176.61 and its 200 day moving average price is C$160.46. The company has a debt-to-equity ratio of 11.14, a current ratio of 1.88 and a quick ratio of 2.29.

Kinaxis (TSE:KXS) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.71 earnings per share for the quarter. The company had revenue of C$225.60 million for the quarter. Kinaxis had a net margin of 14.40% and a return on equity of 20.88%. Research analysts anticipate that Kinaxis Inc. will post 4.25 earnings per share for the current fiscal year.

Insider Activity

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