Kinaxis (TSE:KXS) Posts Earnings Results

Kinaxis (TSE:KXS) posted its quarterly earnings data on Wednesday. The company reported C$1.45 EPS for the quarter, FiscalAI reports. Kinaxis had a return on equity of 16.46% and a net margin of 12.90%.The business had revenue of C$230.19 million for the quarter.

Kinaxis Stock Performance

Kinaxis stock opened at C$152.96 on Friday. The firm has a market capitalization of C$4.23 billion, a PE ratio of 62.43, a price-to-earnings-growth ratio of 3.60 and a beta of 0.68. Kinaxis has a one year low of C$117.22 and a one year high of C$212.45. The stock’s 50 day moving average price is C$138.87 and its 200 day moving average price is C$153.99. The company has a debt-to-equity ratio of 11.39, a quick ratio of 2.29 and a current ratio of 1.97.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Canaccord Genuity Group lowered their price target on shares of Kinaxis from C$225.00 to C$200.00 in a report on Friday, March 6th. Royal Bank Of Canada lowered their target price on shares of Kinaxis from C$235.00 to C$200.00 and set an “outperform” rating for the company in a research note on Monday, January 26th. Stifel Nicolaus decreased their price target on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating on the stock in a research note on Wednesday. Canadian Imperial Bank of Commerce lowered their price objective on shares of Kinaxis from C$203.00 to C$171.00 in a research note on Friday, April 17th. Finally, BMO Capital Markets decreased their target price on Kinaxis from C$225.00 to C$180.00 in a report on Monday, March 2nd. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$200.11.

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.