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

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. TD Securities dropped their price target on shares of 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. 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 research note on Friday, August 2nd. 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. Finally, Scotiabank dropped their price target on shares of Kinaxis from C$200.00 to C$190.00 in a research note on Thursday, August 29th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$192.67.

Kinaxis Stock Performance

The company’s fifty day simple moving average is C$157.05 and its two-hundred day simple moving average is C$154.91. The stock has a market cap of C$4.83 billion, a price-to-earnings ratio of 170.99, a P/E/G ratio of 3.60 and a beta of 0.78. The company has a debt-to-equity ratio of 12.40, a current ratio of 1.90 and a quick ratio of 2.29.

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

Insiders Place Their Bets

In other Kinaxis news, Senior Officer David Peter Kelly sold 1,500 shares of Kinaxis stock in a transaction on Monday, November 4th. The shares were sold at an average price of C$162.21, for a total value of C$243,319.95. In other Kinaxis news, Senior Officer David Peter Kelly sold 1,500 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of C$162.21, for a total transaction of C$243,319.95. Also, Director Robert G. Courteau bought 2,800 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were acquired at an average cost of C$138.01 per share, for a total transaction of C$386,428.00. Insiders sold 5,373 shares of company stock worth $843,882 in the last three months. 1.20% of the stock is owned by company insiders.

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.