Kinaxis (TSE:KXS) Trading Up 7.8% – Here’s Why

Shares of Kinaxis Inc. (TSE:KXS) were up 7.8% during mid-day trading on Thursday . The stock traded as high as C$147.60 and last traded at C$140.23. Approximately 97,187 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 143,080 shares. The stock had previously closed at C$130.09.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on KXS shares. Scotiabank lowered their price objective on Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Canadian Imperial Bank of Commerce upgraded Kinaxis from a “hold” rating to an “outperform” rating and lifted their target price for the stock from C$201.00 to C$203.00 in a report on Monday, December 15th. Royal Bank Of Canada dropped their price target on Kinaxis from C$235.00 to C$200.00 and set an “outperform” rating on the stock in a research note on Monday, January 26th. TD Securities raised shares of Kinaxis to a “strong-buy” rating in a research report on Tuesday, January 13th. Finally, BMO Capital Markets lowered their price objective on shares of Kinaxis from C$225.00 to C$180.00 in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$213.38.

Kinaxis Trading Up 6.2%

The business has a fifty day moving average of C$145.90 and a 200-day moving average of C$168.27. The company has a debt-to-equity ratio of 10.96, a quick ratio of 2.29 and a current ratio of 2.24. The company has a market capitalization of C$3.82 billion, a P/E ratio of 115.17, a PEG ratio of 3.60 and a beta of 0.68.

Kinaxis (TSE:KXS) last announced its quarterly earnings results on Wednesday, March 4th. The company reported C$0.93 EPS for the quarter. Kinaxis had a net margin of 6.59% and a return on equity of 8.18%. The business had revenue of C$189.95 million during the quarter. Analysts anticipate that Kinaxis Inc. 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.