Royal Bank Of Canada Analysts Give Kinaxis (TSE:KXS) a C$235.00 Price Target

Royal Bank Of Canada set a C$235.00 target price on Kinaxis (TSE:KXS) in a report published on Wednesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts have also weighed in on KXS. CIBC upgraded shares of Kinaxis from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$201.00 to C$203.00 in a report on Monday, December 15th. National Bankshares set a C$240.00 price objective on Kinaxis and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. TD Securities upped their target price on Kinaxis from C$225.00 to C$229.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, Cibc Captl Mkts upgraded Kinaxis from a “hold” rating to a “strong-buy” rating in a report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Kinaxis has a consensus rating of “Moderate Buy” and a consensus target price of C$228.38.

Kinaxis Stock Performance

TSE KXS opened at C$177.44 on Wednesday. The company has a debt-to-equity ratio of 12.12, a current ratio of 1.89 and a quick ratio of 2.29. Kinaxis has a 1-year low of C$149.96 and a 1-year high of C$212.45. The firm has a market capitalization of C$4.98 billion, a P/E ratio of 147.87, a P/E/G ratio of 3.60 and a beta of 0.81. The business’s 50-day simple moving average is C$174.45 and its 200-day simple moving average is C$185.33.

Kinaxis (TSE:KXS) last posted its quarterly earnings results on Wednesday, November 5th. The company reported C$0.58 EPS for the quarter. The firm had revenue of C$187.41 million for the quarter. Kinaxis had a net margin of 4.33% and a return on equity of 4.69%. Equities analysts predict that Kinaxis will post 4.2526231 EPS for the current year.

Insider Activity

In related news, insider Kushan Krishna Surana sold 222 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of C$177.41, for a total value of C$39,385.02. Following the transaction, the insider owned 19 shares in the company, valued at approximately C$3,370.79. The trade was a 92.12% decrease in their ownership of the stock. Insiders own 1.20% of the company’s stock.

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.