Kinaxis Inc. (TSE:KXS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Kinaxis Inc. (TSE:KXS) have earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$205.11.

A number of research firms recently commented on KXS. Royal Bank Of Canada dropped their price objective on Kinaxis from C$235.00 to C$200.00 and set an “outperform” rating on the stock in a report on Monday, January 26th. TD Securities dropped their price objective on Kinaxis from C$229.00 to C$200.00 and set a “buy” rating on the stock in a report on Friday, March 6th. Canaccord Genuity Group dropped their price objective on Kinaxis from C$225.00 to C$200.00 in a report on Friday, March 6th. BMO Capital Markets dropped their price objective on Kinaxis from C$225.00 to C$180.00 in a report on Monday, March 2nd. Finally, Canadian Imperial Bank of Commerce dropped their price objective on Kinaxis from C$203.00 to C$171.00 in a report on Friday, April 17th.

Kinaxis Price Performance

TSE KXS opened at C$142.64 on Wednesday. The company has a 50 day simple moving average of C$137.77 and a 200-day simple moving average of C$154.48. 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 firm has a market capitalization of C$3.94 billion, a price-to-earnings ratio of 58.22, a price-to-earnings-growth ratio of 3.60 and a beta of 0.68. Kinaxis has a 52-week low of C$117.22 and a 52-week high of C$212.45.

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