Kinaxis Inc. (TSE:KXS) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Kinaxis Inc. (TSE:KXS) have received an average rating of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$208.67.

A number of equities research analysts recently issued reports on the stock. Canadian Imperial Bank of Commerce upgraded shares of Kinaxis from a “hold” rating to an “outperform” rating and increased their target price for the stock from C$201.00 to C$203.00 in a research report on Monday, December 15th. TD Securities reduced their price target 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. 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 note on Wednesday, February 4th. BMO Capital Markets dropped their price objective on shares of Kinaxis from C$225.00 to C$180.00 in a report on Monday, March 2nd. Finally, Royal Bank Of Canada cut their target price on shares of Kinaxis from C$235.00 to C$200.00 and set an “outperform” rating for the company in a research note on Monday, January 26th.

Kinaxis Stock Performance

Shares of TSE:KXS opened at C$143.64 on Tuesday. The company has a debt-to-equity ratio of 11.39, a current ratio of 1.97 and a quick ratio of 2.29. The business’s fifty day moving average price is C$143.63 and its two-hundred day moving average price is C$166.85. Kinaxis has a fifty-two week low of C$117.22 and a fifty-two week high of C$212.45. The stock has a market capitalization of C$3.97 billion, a price-to-earnings ratio of 119.70, a price-to-earnings-growth ratio of 3.60 and a beta of 0.76.

Kinaxis (TSE:KXS) last issued its quarterly earnings data on Wednesday, March 4th. The company reported C$0.93 earnings per share (EPS) for the quarter. Kinaxis had a return on equity of 16.46% and a net margin of 12.90%.The company had revenue of C$189.95 million during the quarter. As a group, analysts predict 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.