Canaccord Genuity Group Cuts Kinaxis (TSE:KXS) Price Target to C$200.00

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

A number of other equities analysts also recently weighed in on KXS. 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. TD Securities raised shares of Kinaxis to a “strong-buy” rating in a research report on Tuesday, January 13th. Canadian Imperial Bank of Commerce upgraded shares of Kinaxis from a “hold” rating to an “outperform” rating and increased their target price for the stock from C$201.00 to C$203.00 in a report on Monday, December 15th. BMO Capital Markets decreased their target price on shares of Kinaxis from C$225.00 to C$180.00 in a research report on Monday, March 2nd. Finally, Scotiabank lowered their price target 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. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Kinaxis presently has an average rating of “Moderate Buy” and a consensus target price of C$208.67.

Kinaxis Stock Performance

Shares of TSE:KXS opened at C$135.23 on Friday. The firm has a market cap of C$3.73 billion, a PE ratio of 112.69, a price-to-earnings-growth ratio of 3.60 and a beta of 0.76. The business has a fifty day moving average of C$144.29 and a 200-day moving average of C$167.21. Kinaxis has a twelve month low of C$117.22 and a twelve month high of C$212.45. 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 (TSE:KXS) last posted its quarterly earnings data on Wednesday, March 4th. The company reported C$0.93 earnings per share for the quarter. The company had revenue of C$189.95 million during the quarter. Kinaxis had a return on equity of 16.46% and a net margin of 12.90%. On average, equities research analysts predict that Kinaxis will post 4.2526231 EPS for the current fiscal 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.