Kinaxis (TSE:KXS) had its price objective boosted by Royal Bank of Canada from C$175.00 to C$200.00 in a research note issued on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 13.14% from the stock’s previous close.
Several other equities analysts also recently weighed in on the company. Canaccord Genuity lifted their target price on Kinaxis from C$125.00 to C$190.00 in a research report on Friday, May 8th. BMO Capital Markets lifted their target price on Kinaxis from C$125.00 to C$130.00 in a report on Thursday, February 27th. CIBC lifted their target price on Kinaxis from C$125.00 to C$180.00 in a report on Friday, May 8th. National Bank Financial boosted their price objective on Kinaxis from C$150.00 to C$200.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, Scotiabank boosted their price objective on Kinaxis to C$140.00 in a research note on Wednesday, April 29th. Five equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of C$171.56.
Shares of Kinaxis stock traded down C$1.55 on Thursday, reaching C$176.77. The company’s stock had a trading volume of 50,585 shares, compared to its average volume of 125,013. The company has a market capitalization of $4.73 billion and a price-to-earnings ratio of 217.81. The firm’s fifty day simple moving average is C$157.27 and its two-hundred day simple moving average is C$120.09. Kinaxis has a 52 week low of C$75.15 and a 52 week high of C$181.90. The company has a quick ratio of 2.83, a current ratio of 2.91 and a debt-to-equity ratio of 3.37.
Kinaxis (TSE:KXS) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.24 by C$0.03. The firm had revenue of C$70.82 million during the quarter, compared to analysts’ expectations of C$66.23 million. As a group, research analysts predict that Kinaxis will post 1.5700001 EPS for the current year.
Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. The company offers RapidResponse, which provide supply chain planning and analytics capabilities for managing various supply chain management processes, including demand planning, supply planning, inventory management, order fulfillment, capacity planning, and master scheduling, as well as sales and operations planning process.
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