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

Kinaxis Inc. (TSE:KXS) reached a new 52-week high during trading on Tuesday. The stock traded as high as C$184.44 and last traded at C$183.84, with a volume of 24,323 shares trading hands. The stock had previously closed at C$180.86.

Analyst Upgrades and Downgrades

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

Kinaxis Trading Up 0.6%

The company has a quick ratio of 2.29, a current ratio of 1.88 and a debt-to-equity ratio of 11.14. The stock has a market cap of C$5.08 billion, a P/E ratio of 61.09, a PEG ratio of 3.60 and a beta of 0.58. The business’s 50 day simple moving average is C$175.58 and its two-hundred day simple moving average is C$159.35.

Kinaxis (TSE:KXS) last announced its earnings results on Wednesday, August 5th. The company reported C$1.71 earnings per share (EPS) for the quarter. Kinaxis had a return on equity of 20.88% and a net margin of 14.40%. The business had revenue of C$225.60 million during the quarter. As a group, analysts expect that Kinaxis Inc. will post 4.25 EPS for the current year.

Insider Buying and Selling

In other Kinaxis news, Director Robert G. Courteau sold 5,362 shares of the business’s stock in a transaction 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 owned 37,898 shares of the company’s stock, valued at approximately C$6,760,624.22. The trade was a 12.39% decrease in their ownership of the stock. Also, Director Gillian H. (Jill) Denham sold 15,968 shares of the business’s 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 completion of the transaction, the director directly owned 18,732 shares in the company, valued at C$3,209,915.52. This trade represents a 46.02% decrease in their ownership of the stock. Over the last ninety days, insiders have sold 33,730 shares of company stock valued at $5,877,368. 1.20% of the stock is currently owned by company 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.