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

Kinaxis Inc. (TSE:KXS) has earned an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$208.67.

Several equities research analysts have commented on KXS shares. Canadian Imperial Bank of Commerce upgraded shares of Kinaxis from a “hold” rating to an “outperform” rating and boosted their target price for the stock from C$201.00 to C$203.00 in a research report on Monday, December 15th. TD Securities decreased their target price on shares of Kinaxis from C$229.00 to C$200.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Scotiabank decreased 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. Canaccord Genuity Group decreased their price objective on shares of Kinaxis from C$225.00 to C$200.00 in a research report on Friday, March 6th. Finally, Royal Bank Of Canada decreased their price objective on shares of Kinaxis from C$235.00 to C$200.00 and set an “outperform” rating on the stock in a research report on Monday, January 26th.

Kinaxis Price Performance

Shares of TSE KXS opened at C$142.45 on Friday. The firm has a market capitalization of C$3.94 billion, a P/E ratio of 58.14, a PEG ratio of 3.60 and a beta of 0.57. Kinaxis has a one year low of C$117.22 and a one year high of C$212.45. The company’s fifty day moving average is C$132.74 and its two-hundred day moving average is C$159.81. The company has a debt-to-equity ratio of 11.39, a quick ratio of 2.29 and a current ratio of 1.97.

Kinaxis (TSE:KXS) last issued its earnings results on Wednesday, March 4th. The company reported C$0.93 EPS for the quarter. The company had revenue of C$189.95 million for the quarter. Kinaxis had a net margin of 12.90% and a return on equity of 16.46%. Analysts forecast that Kinaxis will post 4.2526231 EPS for the current fiscal 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.