Kinaxis (TSE:KXS) Share Price Passes Below 200 Day Moving Average – Here’s Why

Kinaxis Inc. (TSE:KXS)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$161.02 and traded as low as C$138.38. Kinaxis shares last traded at C$140.40, with a volume of 71,057 shares traded.

Analysts Set New Price Targets

A number of research firms have commented on KXS. BMO Capital Markets decreased their price target on Kinaxis from C$225.00 to C$180.00 in a research note on Monday, March 2nd. Canadian Imperial Bank of Commerce upgraded shares of Kinaxis from a “hold” rating to an “outperform” rating and upped their price objective for the company from C$201.00 to C$203.00 in a report on Monday, December 15th. Scotiabank decreased their price objective on shares of Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. TD Securities lowered 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 note on Friday, March 6th. Finally, Royal Bank Of Canada dropped their target price 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. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Kinaxis presently has an average rating of “Moderate Buy” and an average target price of C$208.67.

Kinaxis Trading Up 2.2%

The company has a debt-to-equity ratio of 11.39, a quick ratio of 2.29 and a current ratio of 1.97. The firm has a market capitalization of C$3.88 billion, a price-to-earnings ratio of 57.31, a P/E/G ratio of 3.60 and a beta of 0.76. The company has a 50 day moving average price of C$133.25 and a two-hundred day moving average price of C$161.02.

Kinaxis (TSE:KXS) last released its quarterly earnings results on Wednesday, March 4th. The company reported C$0.93 earnings per share for the quarter. Kinaxis had a net margin of 12.90% and a return on equity of 16.46%. The firm had revenue of C$189.95 million during the quarter. On average, research analysts forecast that Kinaxis Inc. will post 4.2526231 EPS for the current year.

Kinaxis Company Profile

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.