Kinaxis (TSE:KXS) Price Target Lowered to C$200.00 at TD Securities

Kinaxis (TSE:KXS) had its target price decreased by TD Securities from C$229.00 to C$200.00 in a research report released on Friday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other analysts have also recently commented on KXS. Scotiabank lowered their target price on shares of Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. Royal Bank Of Canada cut 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 note on Monday, January 26th. Canaccord Genuity Group decreased their price target on shares of Kinaxis from C$225.00 to C$200.00 in a report on Friday. BMO Capital Markets lowered their price objective on shares of Kinaxis from C$225.00 to C$180.00 in a research note on Monday, March 2nd. Finally, Canadian Imperial Bank of Commerce raised shares of Kinaxis from a “hold” rating to an “outperform” rating and boosted their price objective for the company from C$201.00 to C$203.00 in a report on Monday, December 15th. Six investment 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$208.67.

Kinaxis Stock Up 0.4%

TSE:KXS traded up C$0.59 during mid-day trading on Friday, hitting C$135.23. 355,016 shares of the company’s stock traded hands, compared to its average volume of 154,642. The company has a fifty day moving average of C$144.29 and a 200 day moving average of C$167.60. The company has a debt-to-equity ratio of 11.39, a quick ratio of 2.29 and a current ratio of 1.97. 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$3.73 billion, a P/E ratio of 112.69, a P/E/G ratio of 3.60 and a beta of 0.76.

Kinaxis (TSE:KXS) last issued its quarterly earnings results on Wednesday, March 4th. The company reported C$0.93 earnings per share for the quarter. Kinaxis had a return on equity of 16.46% and a net margin of 12.90%.The business had revenue of C$189.95 million during the quarter. On average, analysts forecast that Kinaxis will post 4.2526231 EPS for the current year.

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.