Kinaxis (TSE:KXS) PT Set at C$235.00 by Royal Bank Of Canada

Kinaxis (TSE:KXS) received a C$235.00 target price from equities researchers at Royal Bank Of Canada in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 33.92% from the stock’s previous close.

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

Kinaxis Price Performance

KXS opened at C$175.48 on Wednesday. The company has a debt-to-equity ratio of 12.12, a quick ratio of 2.29 and a current ratio of 1.89. The stock has a market capitalization of C$4.92 billion, a PE ratio of 146.23, a price-to-earnings-growth ratio of 3.60 and a beta of 0.81. The stock’s 50 day moving average price is C$174.30 and its 200-day moving average price is C$185.48. Kinaxis has a 52-week low of C$149.96 and a 52-week high of C$212.45.

Kinaxis (TSE:KXS) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$0.58 earnings per share for the quarter. The business 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%. On average, equities research analysts predict that Kinaxis will post 4.2526231 EPS for the current year.

Insider Activity at Kinaxis

In other news, insider Kushan Krishna Surana sold 222 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of C$177.41, for a total transaction of C$39,385.02. Following the completion of the transaction, the insider directly owned 19 shares in the company, valued at C$3,370.79. This trade represents a 92.12% decrease in their ownership of the stock. Corporate insiders own 1.20% of the company’s stock.

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.