Kinaxis (TSE:KXS) Price Target Cut to C$200.00 by Analysts at Canaccord Genuity Group

Kinaxis (TSE:KXS) had its target price trimmed by Canaccord Genuity Group from C$225.00 to C$200.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

Several other equities analysts also recently weighed in on KXS. TD Securities raised Kinaxis to a “strong-buy” rating in a research report on Tuesday, January 13th. BMO Capital Markets dropped their price objective on shares of Kinaxis from C$225.00 to C$180.00 in a research note on Monday, March 2nd. Royal Bank Of Canada cut their price objective 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 reduced their target price 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. Finally, Canadian Imperial Bank of Commerce upgraded shares of Kinaxis from a “hold” rating to an “outperform” rating and raised their target price for the stock from C$201.00 to C$203.00 in a report on Monday, December 15th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$208.67.

Kinaxis Trading Up 0.4%

KXS traded up C$0.59 on Friday, hitting C$135.23. The company had a trading volume of 355,016 shares, compared to its average volume of 154,642. The business’s fifty day simple moving average is C$144.29 and its 200 day simple moving average is C$167.60. The company has a quick ratio of 2.29, a current ratio of 1.97 and a debt-to-equity ratio of 11.39. Kinaxis has a 12-month low of C$117.22 and a 12-month high of C$212.45. The company has a market cap of C$3.73 billion, a PE ratio of 112.69, a PEG ratio of 3.60 and a beta of 0.76.

Kinaxis (TSE:KXS) last issued its quarterly earnings data on Wednesday, March 4th. The company reported C$0.93 earnings per share (EPS) for the quarter. The business had revenue of C$189.95 million for the quarter. Kinaxis had a return on equity of 16.46% and a net margin of 12.90%. Equities research analysts expect 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.