Kinaxis Inc. (TSE:KXS) Receives C$208.67 Average Target Price from Brokerages

Shares of Kinaxis Inc. (TSE:KXS) have received an average recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$208.67.

A number of brokerages have recently weighed in on KXS. BMO Capital Markets cut their price objective on Kinaxis from C$225.00 to C$180.00 in a research report on Monday, March 2nd. Canaccord Genuity Group dropped their price target on Kinaxis from C$225.00 to C$200.00 in a research note on Friday, March 6th. Canadian Imperial Bank of Commerce upgraded shares of Kinaxis from a “hold” rating to an “outperform” rating and lifted their price target for the company from C$201.00 to C$203.00 in a report on Monday, December 15th. Scotiabank reduced their price objective on shares of Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Finally, TD Securities dropped their target price on shares of Kinaxis from C$229.00 to C$200.00 and set a “buy” rating for the company in a research report on Friday, March 6th.

Kinaxis Stock Performance

Kinaxis stock opened at C$135.94 on Tuesday. The company has a current ratio of 1.97, a quick ratio of 2.29 and a debt-to-equity ratio of 11.39. The firm has a 50-day moving average of C$141.59 and a 200-day moving average of C$166.08. The firm has a market cap of C$3.76 billion, a P/E ratio of 55.49, a P/E/G ratio of 3.60 and a beta of 0.76. Kinaxis has a 1-year low of C$117.22 and a 1-year high of C$212.45.

Kinaxis (TSE:KXS) last announced its quarterly earnings results on Wednesday, March 4th. The company reported C$0.93 earnings per share (EPS) for the quarter. The company had revenue of C$189.95 million for the quarter. Kinaxis had a return on equity of 16.46% and a net margin of 12.90%. Sell-side analysts expect that Kinaxis will post 4.2526231 EPS for the current year.

About Kinaxis

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm’s flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation. Kinaxis’s S&OP solution capabilities include supply and demand planning, capacity and inventory planning, and inventory management. The firm has operations in North America, Europe, and Asia-Pacific regions.