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

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

Several equities research analysts have issued reports on KXS shares. TD Securities lowered 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 report on Friday. BMO Capital Markets reduced their price objective on shares of Kinaxis from C$225.00 to C$180.00 in a report on Monday, March 2nd. Scotiabank decreased their target price 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 lowered their target price on shares of Kinaxis from C$225.00 to C$200.00 in a research note on Friday. Finally, Royal Bank Of Canada dropped their price target on shares of Kinaxis from C$235.00 to C$200.00 and set an “outperform” rating for the company in a research report on Monday, January 26th.

Kinaxis Price Performance

Shares of TSE:KXS opened at C$143.64 on Tuesday. The firm has a market capitalization of C$3.97 billion, a PE ratio of 119.70, a PEG ratio of 3.60 and a beta of 0.76. The company has a current ratio of 1.97, a quick ratio of 2.29 and a debt-to-equity ratio of 11.39. Kinaxis has a 1-year low of C$117.22 and a 1-year high of C$212.45. The business’s 50 day moving average is C$143.63 and its 200-day moving average is C$166.85.

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