Kinaxis (TSE:KXS) Hits New 1-Year High – Time to Buy?

Kinaxis Inc. (TSE:KXS) shares reached a new 52-week high during mid-day trading 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.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KXS. TD Securities lowered their price objective 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. Scotiabank dropped their price target on shares of Kinaxis from C$200.00 to C$190.00 in a research report on Thursday, August 29th. Stifel Nicolaus reduced their price objective on shares of 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. Finally, ATB Capital raised 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. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$192.67.

Kinaxis Price Performance

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 stock’s 50-day moving average is C$162.23 and its 200-day moving average is C$156.70. The firm has a market cap of C$5.07 billion, a P/E ratio of 179.43, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78.

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 the consensus estimate of C$0.43 by C$0.04. Kinaxis had a net margin of 4.59% and a return on equity of 4.87%. The company had revenue of C$165.79 million for the quarter, compared to the consensus estimate of C$170.56 million. As a group, equities analysts anticipate that Kinaxis Inc. will post 4.2526231 EPS for the current fiscal year.

Insider Buying and Selling at Kinaxis

In other Kinaxis news, Director Angel Luis Mendez acquired 1,400 shares of Kinaxis 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. Also, Senior Officer Vasile Gelu Ticala sold 3,000 shares of Kinaxis stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of C$174.50, for a total transaction of C$523,500.00. Following the sale, the insider now owns 596 shares in the company, valued at approximately C$104,002. This trade represents a 83.43 % decrease in their ownership of the stock. Insiders sold a total of 46,846 shares of company stock valued at $7,856,802 in the last quarter. Corporate 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.