BMO Capital Markets Cuts Kinaxis (TSE:KXS) Price Target to C$180.00

Kinaxis (TSE:KXS) had its target price trimmed by BMO Capital Markets from C$225.00 to C$180.00 in a research note published on Monday,BayStreet.CA reports.

A number of other research analysts also recently issued reports on the stock. Royal Bank Of Canada reduced their price target on shares of Kinaxis from C$235.00 to C$200.00 and set an “outperform” rating on the stock in a research report on Monday, January 26th. Scotiabank dropped their price objective on shares of 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. Canadian Imperial Bank of Commerce upgraded Kinaxis from a “hold” rating to an “outperform” rating and lifted their target price for the company from C$201.00 to C$203.00 in a research note on Monday, December 15th. Finally, TD Securities raised Kinaxis to a “strong-buy” rating in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$213.38.

Kinaxis Price Performance

Shares of KXS opened at C$130.09 on Monday. Kinaxis has a 52 week low of C$117.22 and a 52 week high of C$212.45. The company has a current ratio of 2.24, a quick ratio of 2.29 and a debt-to-equity ratio of 10.96. The firm has a market cap of C$3.59 billion, a price-to-earnings ratio of 108.41, a PEG ratio of 3.60 and a beta of 0.68. The stock has a 50 day moving average of C$145.90 and a 200-day moving average of C$168.27.

Kinaxis (TSE:KXS) last announced its quarterly earnings data on Wednesday, March 4th. The company reported C$0.93 earnings per share (EPS) for the quarter. The firm had revenue of C$189.95 million for the quarter. Kinaxis had a return on equity of 8.18% and a net margin of 6.59%. As a group, analysts forecast that Kinaxis will post 4.2526231 EPS for the current 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.