Kinaxis (TSE:KXS) Shares Up 7.8% – What’s Next?

Shares of Kinaxis Inc. (TSE:KXS) were up 7.8% on Thursday . The stock traded as high as C$147.60 and last traded at C$140.23. Approximately 97,187 shares traded 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

A number of equities analysts have recently issued reports on KXS shares. Canadian Imperial Bank of Commerce raised Kinaxis from a “hold” rating to an “outperform” rating and increased their target price for the stock from C$201.00 to C$203.00 in a report on Monday, December 15th. Canaccord Genuity Group lowered their price target on Kinaxis from C$225.00 to C$200.00 in a research report on Friday. BMO Capital Markets lowered their price target on Kinaxis from C$225.00 to C$180.00 in a research report on Monday, March 2nd. Royal Bank Of Canada reduced their target price on Kinaxis from C$235.00 to C$200.00 and set an “outperform” rating on the stock in a report on Monday, January 26th. Finally, TD Securities decreased their price target on Kinaxis from C$229.00 to C$200.00 and set a “buy” rating on the stock in a research report on Friday. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$208.67.

Kinaxis Price Performance

The stock has a 50-day simple moving average of C$144.29 and a 200 day simple moving average of C$167.60. The stock has a market capitalization of C$3.73 billion, a P/E ratio of 112.69, a price-to-earnings-growth ratio of 3.60 and a beta of 0.76. The company has a debt-to-equity ratio of 11.39, a quick ratio of 2.29 and a current ratio of 1.97.

Kinaxis (TSE:KXS) last released its earnings results on Wednesday, March 4th. The company reported C$0.93 earnings per share for the quarter. Kinaxis had a return on equity of 16.46% and a net margin of 12.90%.The company had revenue of C$189.95 million during the quarter. On average, equities analysts forecast that Kinaxis Inc. will post 4.2526231 earnings per share for the current fiscal 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.