Kinaxis Inc. (TSE:KXS – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as C$194.48 and last traded at C$192.33, with a volume of 7,490 shares traded. The stock had previously closed at C$189.47.
Analyst Ratings Changes
Several research firms recently issued reports on KXS. BMO Capital Markets upped their price target 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. Royal Bank Of Canada set a C$210.00 price objective on shares of Kinaxis and gave the stock an “outperform” rating in a report on Wednesday, August 26th. Finally, National Bank Financial boosted their target price on shares of 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 equities research analysts have rated the stock with a Buy rating. According to MarketBeat, Kinaxis presently has a consensus rating of “Buy” and a consensus price target of C$203.12.
Read Our Latest Stock Analysis on Kinaxis
Kinaxis Stock Performance
The company has a current ratio of 1.88, a quick ratio of 2.29 and a debt-to-equity ratio of 11.14. The company’s 50-day moving average is C$177.60 and its two-hundred day moving average is C$161.21. The stock has a market capitalization of C$5.33 billion, a P/E ratio of 64.07, a P/E/G ratio of 3.60 and a beta of 0.58.
Kinaxis (TSE:KXS – Get Free Report) last issued its quarterly earnings data 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, sell-side analysts anticipate that Kinaxis Inc. will post 4.25 EPS for the current fiscal year.
Insider Buying and Selling
In other news, insider Vasile Gelu Ticala sold 961 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of C$177.68, for a total value of C$170,750.48. Following the completion of the transaction, the insider directly owned 596 shares in the company, valued at C$105,897.28. This trade represents a 61.72% decrease in their ownership of the stock. Also, Director Robert G. Courteau sold 5,362 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director owned 37,898 shares of the company’s stock, valued at C$6,760,624.22. This trade represents a 12.39% decrease in their ownership of the stock. In the last quarter, insiders sold 33,730 shares of company stock worth $5,877,368. Company insiders own 1.20% of the company’s stock.
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.
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