Kinaxis (TSE:KXS) Issues Quarterly Earnings Results

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

Kinaxis Stock Down 2.1%

Shares of Kinaxis stock traded down C$2.97 on Wednesday, reaching C$139.67. The stock had a trading volume of 79,955 shares, compared to its average volume of 138,484. The company has a quick ratio of 2.29, a current ratio of 1.97 and a debt-to-equity ratio of 11.39. The stock has a market capitalization of C$3.86 billion, a P/E ratio of 57.01, a P/E/G ratio of 3.60 and a beta of 0.68. The company has a 50 day moving average price of C$137.77 and a 200 day moving average price of C$154.48. Kinaxis has a 1 year low of C$117.22 and a 1 year high of C$212.45.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KXS. BMO Capital Markets dropped their price target on Kinaxis from C$225.00 to C$180.00 in a research report on Monday, March 2nd. Canaccord Genuity Group cut their target price on shares of Kinaxis from C$225.00 to C$200.00 in a research report on Friday, March 6th. Canadian Imperial Bank of Commerce dropped their price objective on shares of Kinaxis from C$203.00 to C$171.00 in a research note on Friday, April 17th. TD Securities lowered their target price on Kinaxis from C$229.00 to C$200.00 and set a “buy” rating for the company in a report on Friday, March 6th. Finally, Royal Bank Of Canada reduced their price target on Kinaxis from C$235.00 to C$200.00 and set an “outperform” rating for the company in a research report on Monday, January 26th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$200.11.

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.