Kinaxis (TSE:KXS) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Key Points

• Royal Bank of Canada raised its price target on Kinaxis from C$200 to C$210 and kept an outperform rating, implying about 32.6% upside from the previous close.
• Analyst sentiment is broadly positive, with six Buy ratings and one Hold rating; the consensus price target stands at C$201.78 despite several firms trimming their targets recently.
• Kinaxis shares rose to C$158.40 on Friday after reporting quarterly EPS of C$1.45 and revenue of C$230.19 million, while the company continues to post solid profitability and strong liquidity metrics.

Kinaxis (TSE:KXS - Get Free Report) had its price target upped by investment analysts at Royal Bank Of Canada from C$200.00 to C$210.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's price target would suggest a potential upside of 32.58% from the stock's previous close.

Other research analysts also recently issued research reports about the company. TD Securities reduced their price objective on Kinaxis from C$229.00 to C$200.00 and set a "buy" rating on the stock in a report on Friday, March 6th. Canadian Imperial Bank of Commerce lowered their target price on Kinaxis from C$203.00 to C$171.00 in a research note on Friday, April 17th. Scotiabank cut their price target on Kinaxis from C$240.00 to C$200.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 4th. Canaccord Genuity Group decreased their price target on Kinaxis from C$225.00 to C$200.00 in a report on Friday, March 6th. Finally, BMO Capital Markets upped their target price on shares of Kinaxis from C$180.00 to C$185.00 in a research report on Friday. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Kinaxis currently has an average rating of "Moderate Buy" and a consensus price target of C$201.78.

Kinaxis Price Performance

KXS traded up C$5.44 during midday trading on Friday, hitting C$158.40. The company had a trading volume of 92,942 shares, compared to its average volume of 138,576. Kinaxis has a twelve month low of C$117.22 and a twelve month high of C$212.45. The company has a market capitalization of C$4.38 billion, a PE ratio of 64.65, a P/E/G ratio of 3.60 and a beta of 0.68. The company has a debt-to-equity ratio of 11.39, a quick ratio of 2.29 and a current ratio of 1.97. The firm's 50-day simple moving average is C$138.87 and its 200-day simple moving average is C$153.99.

Kinaxis (TSE:KXS - Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported C$1.45 earnings per share (EPS) for the quarter. Kinaxis had a net margin of 12.90% and a return on equity of 16.46%. The company had revenue of C$230.19 million for the quarter. Equities research analysts predict that Kinaxis will post 4.2526231 EPS 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.

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