Kinaxis (TSE:KXS) Given New C$210.00 Price Target at Royal Bank Of Canada

Kinaxis (TSE:KXS) had its target price increased by Royal Bank Of Canada from C$200.00 to C$210.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other brokerages have also issued reports on KXS. Canadian Imperial Bank of Commerce lowered their target price on Kinaxis from C$203.00 to C$171.00 in a research note on Friday, April 17th. BMO Capital Markets boosted their target price on Kinaxis from C$180.00 to C$185.00 in a research note on Friday. TD Securities lowered their target price on Kinaxis from C$229.00 to C$200.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. Scotiabank decreased their price objective on 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. Finally, Stifel Nicolaus decreased their price objective on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating on the stock in a research note on Wednesday. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$200.75.

Kinaxis Stock Performance

Shares of KXS opened at C$158.73 on Friday. The firm has a market cap of C$4.34 billion, a PE ratio of 53.99, a PEG ratio of 3.60 and a beta of 0.68. The stock’s fifty day moving average price is C$138.87 and its two-hundred day moving average price is C$153.99. The company has a debt-to-equity ratio of 12.15, a current ratio of 1.72 and a quick ratio of 2.29. Kinaxis has a 1 year low of C$117.22 and a 1 year high of C$212.45.

Kinaxis (TSE:KXS) last issued its earnings results on Wednesday, May 6th. The company reported C$1.45 earnings per share (EPS) for the quarter. The firm had revenue of C$230.19 million for the quarter. Kinaxis had a return on equity of 19.72% and a net margin of 14.48%. On average, equities research analysts forecast that Kinaxis will post 4.2526231 EPS 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.